From Longman Business Dictionaryfee absoluteˌfee ˈabsolute (also fee simple, fee simple absolute) noun [singular] PROPERTYLAW complete possession of property, with the right to give or sell it freely, or leave it to someone in a WILL (=a document that says who should get your property when you die)Ownership of the freehold is defined as ownership in ‘fee simple absolute in possession’.