usufruct UK /ˈjuːz(j)ʊfɹʌkt/US /ˈjuzəˌfɹəkt/noun 1verb 1forms 3 noun1 •The legal right to use and derive profit or benefit from property that belongs to another person, as long as the property is not damaged.Every American college president, it appears, is in duty bound to write and utter at least one book upon the nature, aims and usufructs of the Higher Education. — 1931 verb1 •To use and derive profit or benefit from property that belongs to another person.An enabling myth is just that—a myth that enables those who benefit from the status quo to keep on benefiting. Thorstein Veblen would say that it enabled the usufructuaries to keep on usufructing. — 1992 formsusufructed · usufructing · usufructs