The term 'Spanish Estate' can be summarized as a HACIENDA, which is an 8-letter word. A HACIENDA is a large estate or plantation in Spanish-speaking countries, typically owned by a wealthy landowner and worked by peasants or indentured laborers. It is usually self-sufficient, with its own farming, ranching, and manufacturing operations. The HACIENDA system was a major part of the economy in Latin America during the colonial period.