liferent

Noun. (Scotland, legal) The right to receive for life the benefits of a property or other asset, without the right to dispose of it.

This is an unmodified, but possibly outdated, definition from Wiktionary and used here under the Creative Commons license. Wiktionary is a great resource. If you like it too, please donate to Wikimedia.

This entry was last updated on RefTopia from its source on 3/20/2012.