beneficial interest
Definition
Right to enjoy and use a property, and to otherwise benefit from its possession. Beneficial interest usually accrues to the legal owner but may be vested in some other party, such as the beneficiary of a trust. See also contingent beneficial interest and equitable interest.
beneficial interest is in the Accounting & Auditing, Corporate, Commercial, & General Law, Investing and Real Estate & Buildings subjects.
beneficial interest appears in the definitions of the following terms: pure equity trust, adverse trustee and resulting trust
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