Home > Terms > English, UK (UE) > Usufruct

Usufruct

The concept of ownership in which an owner normally can "own" land and other substantial property only as long as it is being used or actively possessed. The society as a whole is the real owner. The individual "owner" is responsible for looking after the property for the society--he or she essentially only has stewardship over it. If the "owner" no longer needs the property or dies, it is reallocated by the society to others. Usufruct is most commonly found in small-scale societies with non-market economies. See proprietary deed.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Music Category: Audio equipment

Beats Electronics

Beats Electronics is an American producer of audio products headquartered in Culver City, California, U.S. The company was founded by rapper and ...

Contributor

Featured blossaries

Aging

Category: Health   1 12 Terms

Zimbabwean Presidential Candidates 2013

Category: Politics   1 5 Terms