usufruct

usufruct
usu·fruct /'yü-zə-ˌfrəkt, -sə-/ 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 usufruct 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
◇ 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.

Merriam-Webster’s Dictionary of Law. . 1996.

usufruct
index benefit (betterment)

Burton's Legal Thesaurus. . 2006


usufruct
n.
The civil law right to use property that belongs to someone else.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


usufruct
the right of enjoying the fruits of property of another person, e.g. the wife of a deceased person living in an estate house until her death.

Collins dictionary of law. . 2001.


usufruct
The right to use property — or income from property — that is owned by another.
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.


usufruct
A civil law term referring to the right of one individual to use and enjoy the property of another, provided its substance is neither impaired nor altered.

Dictionary from West's Encyclopedia of American Law. 2005.


usufruct
A civil law term referring to the right of one individual to use and enjoy the property of another, provided its substance is neither impaired nor altered.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • Usufruct — is the legal right to use and derive profit or benefit from property that belongs to another person, as long as the property is not damaged. In many legal usufruct systems of property, such as the traditional ejido system in Mexico, individuals… …   Wikipedia

  • usufruct — u‧su‧fruct [ˈjuːzjuːfrʌkt] noun [uncountable] LAW the legal right to use a person s property in whatever way you like during your life, on condition that you return it to its owner in a reasonable condition: • usufruct rights over agricultural… …   Financial and business terms

  • Usufruct — U su*fruct (?; 277), n. [L. usufructus, ususfructus, usus et fructus; usus use + fructus fruit.] (Law) The right of using and enjoying the profits of an estate or other thing belonging to another, without impairing the substance. Burrill. [1913… …   The Collaborative International Dictionary of English

  • usufruct — (n.) right to the use and profits of the property of another without damaging it, 1610s (implied in usufructuary), from L.L. usufructus, in full usus et fructus use and enjoyment, from L. usus a use (see USE (Cf. use) (n.)) + fructus enjoyment,… …   Etymology dictionary

  • usufruct — [yo͞o′zyoo frukt΄, yo͞o′syoofrukt΄] n. [LL usufructus < L ususfructus < usus, a USE + fructus, enjoyment, FRUIT] Rom. Law Civil Law the right to use the property of another for a period of time with the obligation to return it or leave it… …   English World dictionary

  • usufruct — /yooh zoo frukt , soo , yoohz yoo , yoohs /, n. Roman and Civil Law. the right of enjoying all the advantages derivable from the use of something that belongs to another, as far as is compatible with the substance of the thing not being destroyed …   Universalium

  • usufruct — /yuwz(y)afrakt/ In the civil law, a real right of limited duration on the property of another. The features of the right vary with the nature of the things subject to it as consumables or nonconsumables. Civ. Code La. art. 535. The right of using …   Black's law dictionary

  • Usufruct — A legal term describing a situation wherein a person or company has a temporary right to use and derive income from someone else s property (provided that it isn t damaged). Usufruct is recognized only in a few jurisdictions in North America …   Investment dictionary

  • Usufruct — Modern term for the use and enjoyment of the income from a piece land with the proviso that it should not be damaged or diminished. Thus land given as a loan conveyed the usufruct, not the land itself. [< Lat. usus = use + fructus = fruit;… …   Dictionary of Medieval Terms and Phrases

  • usufruct — n. & v. n. (in Roman and Scots law) the right of enjoying the use and advantages of another s property short of the destruction or waste of its substance. v.tr. hold in usufruct. Derivatives: usufructuary adj. & n. Etymology: med.L usufructus f.… …   Useful english dictionary

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