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Usufruct

usufruct n

[Latin ususfructus from usus et fructus , literally, use and enjoyment]
: the right to the use and enjoyment of another's property and its profits [a in the crops of the estate]
;esp
in the civil law of Louisiana
: a personal servitude of limited duration that confers the right of use and full enjoyment of another's property and its fruits NOTE: Under the civil law of Louisiana, one having a usufruct in land must deliver it to the owner with its basic substance undiminished at the end of the term; one having a usufruct in consumables acquires ownership of them, but must return their value or things of the same quantity or quality at the end of the usufruct.



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.