Meaning of “ladyship” in the English Dictionary

british dictionary

"ladyship" in British English

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uk /ˈleɪ.di.ʃɪp/ us /ˈleɪ.di.ʃɪp/ formal
her/your ladyship

a polite way of referring to or talking to a woman or girl who has the rank of a peer or knight without using her title:

We are honoured to welcome your ladyship (= you) here tonight.

(Definition of “ladyship” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)