folkland
Land held in villeinage, being distributed among the folk, or people, at the pleasure of the lord of the manor, and taken back at his discretion.
countable, historical, uncountable
The folkland, the national fund, was administered and conveyed conjointly by the king and the witan.
Where it comes from
From Old English folcland. By surface analysis, folk + land.
Adapted from the Wiktionary entry folkland (CC BY-SA 4.0).