beneficial owner
Definition
Entity that enjoys the possession and/or benefits of ownership (such as receipt of income) of a property even though its ownership (title) is in the name of another entity (called a 'nominee' or 'registered owner'). Use of a nominee (who may be an agent, custodian, or a trustee) does not change the position regarding tax reporting and tax liability, and the beneficial-owner remains responsible.
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beneficial owner is in the Accounting & Auditing, Corporate, Commercial, & General Law, Investing and Real Estate & Buildings subjects.
beneficial owner appears in the definitions of the following terms: nominee shareholder, actual owner, nominee name, custodial agreement, nominee, nominee company, street-name security, nominee shareholding, custodial account and nominee account
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