Although the terms are similar, neoliberalism is distinct from modern liberalism. Both have their ideological roots in the classical liberalism of the 19th century, which championed economic laissez-faire and the freedom (or liberty) of individuals against the excessive power of government.
The 'feudal system' is the name for a power structure where people held their land in return for promising loyalty, known as doing homage, and providing services such as working or fighting for their lord.
Wiktionary(0.00 / 0 votes)Rate this definition: 1  feudal law(Noun) A feudal law. 2  feudal law(Noun) The legislation governing feudal matters, such as the procedures, (mutual) rights and duties concerning fiefs, feudal lords and their enfeoffed vassals.