usufructuary right

usufructuary right definition - business

usufructuary right

The right to use and enjoy property owned by another. For example, in 1837 several Chippewa Bands gave land to the United States in return for usufructuary rights to hunt, fish, and gather on the land.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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