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What is a latifundium?

What is a latifundium? Here are some definitions.

Noun
  1. A great landed estate with absentee ownership and labor often in a state of partial servitude.
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Examples
Expropriation based on social interest does not take into account whether a property is productive or is a latifundium.
The marketplace took on a new importance as both the Catonian estate and the latifundium aimed primarily to produce goods to sell for a profit.
Latifundium, plural Latifundia, any large ancient Roman agricultural estate that used a large number of peasant or slave labourers.
The purchase advised and subsequently managed by Latifundium Management GmbH covers 5,900 hectares of forest estates located in Kuhmo, Joensuu and VieremEn in Eastern Finland.
Could you describe what is being done to help impoverished landless farmers and overhaul the latifundium model?
His vision for the future of the African continent in the Age of the Aerotropolis seems to be as a vast latifundium sown with GM wheat.

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