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Explanation: BENEFICIAL INTEREST - That right which a person has in a contract made with another; as if A makes a contract with B that he will pay C a certain sum of money, B has the legal interest in the contract, and C the beneficial interest.
[Latin ususfructus from usus et fructus, literally, use and enjoyment]
the right to the use and enjoyment of another's property and its profits <a ~ in the crops of the estate>
esp in the civil law of Louisiana
a personal servitude of limited duration that confers the right of use and full enjoyment of another's property and its fruits
Under the civil law of Louisiana, one having a usufruct in land must deliver it to the owner with its basic substance undiminished at the end of the term; one having a usufruct in consumables acquires ownership of them, but must return their value or things of the same quantity or quality at the end of the usufruct.
Pronounciation: 'yü-z&-"fr&kt, -s&-
s.n.// Din lat. usufructus;cf. fr. usufruit// Drept acordat unei persoane de a se folosi de un bun care nu este proprietatea sa si pe care nu poate sa-l instraineze (Dictionar General al Limbii Romane)
Daniela McKeeby United States Local time: 20:18 Native speaker of: English, Romanian PRO pts in pair: 103