Usufruct: the legal right of using and enjoying the fruits or profits of something belonging to another.
The gains granted by usufruct can be clearly seen in the Latin phrase from which the word developed, usus et fructus, which means “use and enjoyment.” Latin speakers condensed that phrase to ususfructus, the term English speakers used as the model for our modern word.
Usufruct has been used as a noun for the legal right to use something since the mid-1600s. Any right granted by usufruct ends at a specific point, usually the death of the individual who holds it.
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