Final answer:
The term for an acquired legal privilege in the land of another, which is for use or enjoyment and not a full estate, is known as an easement. An easement provides a non-possessory interest to use another's property for a specific purpose.
Step-by-step explanation:
An acquired legal privilege for the right of use or enjoyment, short of an estate, which one may have in the land of another is known as an easement. An easement grants the holder a non-possessory interest in the property of another person for a specific purpose, such as the right to cross or use the land, to access another property, or for utilities and infrastructure. Easements can be used for public objectives as well, such as preserving open space and maintaining conservation efforts.