Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,901,439,653 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Usufruct
(redirected from usufructuary)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Usufruct
A temporary legal right to derive profits from property owned by others, given that the property is not damaged. See: Beneficial ownership
Usufruct
The 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.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
If you only own some of the land surrounding it, then you have what are called usufructuary rights, meaning that you can drink it, swim in it, fish in it, etc.
Do You Own the Water on Your Property? by Bob Miles / Law community
Under the new law the right to own land is reserved to the state, but the people now have access to the land in lifetime usufructuary rights.
The financial hub of the Horn? by Sutton, Jacky / African Business
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.