usufruct


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 or injured.
[1620-30; < LL usufructus, equiv. to L usu, abl. of usus (see USE (n.)) + fructus (see FRUIT)]

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law
      in Roman-based legal systems, the temporary right to the use and enjoyment of the property of another, without changing the character of the property. This legal concept developed in Roman law and found significant application in the determination of the property interests between a slave held under a usus fructus (Latin: “use and enjoyment”) bond and a temporary master. Any property acquired by a slave as a result of his labour legally belonged to that master.

      Modern civil-law systems recognize two types of usufructs. The perfect usufruct includes only those things that a usufructuary (one who holds property under right of usufruct) can use without changing their substance, such as land, buildings, or movable objects; the substance of the property, however, may be altered naturally over time and by the elements. The quasi-, or imperfect, usufruct includes property that is consumable or expendable, such as money, agricultural products, and the like, which would be of no advantage to the usufructuary if he could not consume them, expend them, or change their substance.

      The term usufruct never found its way into the English common law, although certain general similarities can be found in the common-law concept of estate.

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Universalium. 2010.

Look at other dictionaries:

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  • 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… …   Law dictionary

  • 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 — /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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