usufruct

Thomas Jefferson said, "The earth belongs in usufruct to the living." He apparently understood that when you hold something in usufruct, you gain something of significant value, but only temporarily. 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.