Wiktionary
liferent
n. (context Scotland legal English) The right to receive for life the benefits of a property or other asset, without the right to dispose of it.
Wikipedia
Liferent (Scots law)
Liferent or Life-rent in Scots law is the right to receive for life the benefits of a property or other asset, without the right to dispose of the property or asset. The definition was constructed from the sources.