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Answer for the clue "Someone who holds property by usufruct ", 12 letters:
usufructuary

Word definitions for usufructuary in dictionaries

WordNet Word definitions in WordNet
adj. of or relating to the nature of a usufruct n. someone who holds property by usufruct

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Usufructuary \U`su*fruc"tu*a*ry\, a. (Law) Of or pertaining to a usufruct; having the nature of a usufruct. The ordinary graces bequeathed by Christ to his church, as the usufructuary property of all its members. --Coleridge.

Wiktionary Word definitions in Wiktionary
a. Of or pertaining to a usufruct. n. A person who holds property, or the use of assets, by usufruct.

Usage examples of usufructuary.

The carpenter might have exacted the rag in return, perhaps for use in the machine shop -- where wiping rags were always needed -- but my father paid, exacted nothing, and even apologized, as carpenters tend to apologize, with embarrassed condescension and a clearing of the throat, and Amsel remained the usufructuary of the garment which, though fragmentary, was susceptible of transformation.