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What is an allodium?

What is an allodium? Here are some definitions.

Noun
  1. (dated) freehold land or property
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Free ownership, the allodium, even under the form of small freeholds, still existed by way of exception in many parts.
The allodium was held as an unconditional gift rather than as a fief, although the beneficiary was expected to be at the king's disposal in future military campaigns.
He deprived the peasants of their allodium, and declared all land to be the property of the king.
Anne Ward, with Allodium Investment Consultants in Minneapolis, Minn.

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