liferent1
/ˈlʌɪfrɛnt/Scottish Law
noun
A rent or other revenue which a person is entitled to receive for life, without the right to dispose of the capital; (also) a right to use and enjoy property during one's life; the enjoyment of this right.
- A ‘proper liferent’ is created by disposition; in a ‘trust liferent’ a trust manages the property..
Origin
Late 15th century. From life + rent. Compare Middle Dutch lijfrente (Dutch lijfrente), Middle Low German līfrente, German Leibrente.
liferent2
/ˈlʌɪfrɛnt/Scottish
verb
[with object] To assign (property, etc.) in liferent; to use and enjoy during one's life.
Origin
Mid 17th century. From liferent.
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