Other Definitions
usufruct (dict)
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UsufructUsufruct describes the legal right to utilise and derive profit from property that belongs to another person, as long as the property is not damaged. In many legal systems of property, buyers of property may only purchase the usufruct of the property. --Jcanfi2 21:08, 5 Apr 2005 (UTC)It is of Civil law (legal system) origin and in the civil law, it is a real right of limited duration on the property of another. The term comes from the combination of two smaller latin roots: usus and fructus. Usus is latin for use. Fructus is latin for fruit. These root words help explain the rights which the holder of a usufruct, known as the usufructuary, may possess. A usufructuary has the right of using and enjoying the property, as well as, recieving profits from the fruits of the property. The term fruits should be understood to mean any replenishable commodity on the property, including (among others) actual fruits, livestock, and even rental payments derived from the property. See also: easement, right-of-way
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