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usufruct
u·su·fruct U0158900 (yo͞o′zə-frŭkt′, -sə-)n. The right to the use and profits of something belonging to another.
[Late Latin ūsūfrūctus, variant of Latin ūsusfrūctus : ūsus, use; see usual + frūctus, enjoyment; see fruit.]usufruct (ˈjuːsjʊˌfrʌkt) n (Law) the right to use and derive profit from a piece of property belonging to another, provided the property itself remains undiminished and uninjured in any way[C17: from Late Latin ūsūfrūctus, from Latin ūsus use + frūctus enjoyment] ˌusuˈfructuary n, adju•su•fruct (ˈyu zʊˌfrʌkt, -sʊ-, ˈyuz yʊ-, ˈyus-)
n. the right to enjoy all the advantages of another's property, provided that such property is not destroyed or damaged. [1620–30; < Late Latin ūsūfrūctus= Latin ūsū, abl. of ūsus use + frūctus (see fruit)] usufructthe right to enjoy benefits or profits from something, as real property, while not being the owner of it. — usufructuary, n., ad].See also: Property and OwnershipThesaurus| Noun | 1. | usufruct - a legal right to use and derive profit from property belonging to someone else provided that the property itself is not injured in any waylegal right - a right based in lawlaw, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order" |
Translationsusufruct
usufruct the right of use of another's property without destroying or consuming that property. The concept derives from ROMAN LAW, and is in general use in the social sciences to designate property relations whereby either property ownership, particularly in land, is not established within a society, or where use rather than ownership may be the most important aspect of property relations.Usufruct in ancient Rome, the right held by one person to use property belonging to another and to enjoy the benefits and profits derived therefrom, without, however, changing the substance of such property. Usufruct was a type of personal servitude established for the use of an individual, either for life or for a designated period, without the right of alienation or transfer through inheritance. Widely practiced during the Middle Ages, usufruct became common in bourgeois law, as in France; it was usually regarded as an independent real right. usufruct
Related to usufruct: usufructuaryUsufructA 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. For example, a usufructuary right would be the right to use water from a stream in order to generate electrical power. Such a right is distinguishable from a claim of legal ownership of the water itself. 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.USUFRUCT, civil law. The right of enjoying a thing, the property of which is vested in another, and to draw from the same all the profit, utility and advantage which it may produce, provided it be without altering the substance of the thing.
2. The obligation of not altering the substance of the thing, however, takes place only in the case of a complete usufruct.
3. Usufructs are of two kinds; perfect and imperfect. Perfect usufruct, which is of things which the usufructuary can enjoy without altering their substance, though their substance may be diminished or deteriorated naturally by time or by the use to which they are applied; as a house, a piece of land, animals, furniture and other movable effects. Imperfect or quasi usufruct, which is of things which would be useless to the usufructuary if be did not consume and expend them, or change the substance of them, as money, grain, liquors. Civ. Code of Louis. art. 525, et seq.; 1 Browne's Civ. Law, 184; Poth. Tr. du Douaire, n. 194; Ayl. Pand. 319; Poth. Pand. tom. 6, p. 91; Lecons El. du Dr. Civ. Rom. 414 Inst. lib. 2, t. 4; Dig. lib. 7, t. 1, 1. 1 Code, lib. 3, t. 33; 1 Bouv. Inst. Theolo. pg. 1, c. 1, art. 2, p. 76. Usufruct
UsufructA temporary legal right to derive profits from property owned by others, given that the property is not damaged. See: Beneficial ownershipUsufructThe temporary right to use and profit from a property that belongs to another, provided one does not damage the property. For example, a farmer may have usufruct of another person's land. If he grows crops on that land, they belong to the farmer and not the property owner. Only a few jurisdictions in North America recognize usufruct, but it is an important concept in some investment vehicles in Islamic finance.usufruct
Related to usufruct: usufructuaryWords related to usufructnoun a legal right to use and derive profit from property belonging to someone else provided that the property itself is not injured in any wayRelated Words- legal right
- law
- jurisprudence
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