Entry 2 senses · 2 variants Webster, 1913 Usufructuary · U·su·fruc·tu·a·ry · IPA /ˌjuːz(j)ʊˈfɹʌkt͡ʃʊˌəɹi/ n. a. 01 n. A person who has the use of property and reaps the profits of it. 1. A person who has the use of property and reaps the profits of it.(Law) 02 a. Of or pertaining to a usufruct; having the nature of a usufruct. 1. Of or pertaining to a usufruct; having the nature of a usufruct.(Law) “The ordinary graces bequeathed by Christ to his church, as the usufructuary property of all its members.” — Coleridge.