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Life-rent |
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LIFE-RENT, Scotch law. A right to use and enjoy a thing during life, the
substance of it being preserved. A life-rent cannot, therefore, be
constituted upon things which perish in the use; and though it may upon
subjects which gradually wear out by time, as household furniture, &c., yet
it is generally applied to heritable subjects. Life-rents are divided into
conventional and legal.
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