liferent

plural liferents

1. countableuncountableScots lawThe right to receive for life the benefits of a property or other asset, without the right to dispose of it.

   1 more example

   The said William Aitken, being of new solemnly sworn, &c., depones he is a Burgess of Hawick, and had the property of a house which he now liferents, the fee being disponed to his son-in-law, Bailie Robert Scot, for the use of his son William, his daughter, Bailie Scot's wife, having paid the price of the house; depones sixty years ago Gilbert Elliot was tenant in Nether Southfield, who broke Hawick Common by plowing a part of it, which the Deponent saw at the Common-Riding when the Magistrates and other persons at the Common-Riding potched the ground he had plowed, and was then sown that he might not reap the crop of this.

   1898, R. S. Craig, Adam Laing, The Hawick Tradition of 1514: The Town's Common Flag and Seal, page 240

   Synonyms: usufruct