latifundium
A great landed estate with absentee ownership and labor often in a state of partial servitude.
The conclusive military victory of Philip V left the grandees stranded, still rich and still powerful on their latifundia, but stripped of the ‘aristocratic republicanism’ they had previously enjoyed.
Where it comes from
From Latin lātifundium, from lātus (“wide, extensive”) + fundus (“ground, base, estate, farm”). Doublet of latifundio.
Adapted from the Wiktionary entry latifundium (CC BY-SA 4.0).