beneficial owner

Related Terms
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. Also called actual owner.

Use 'beneficial owner' in a Sentence

I was glad that I had the title of beneficial owner, even though I was not the actual owner of the place.
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When my grandmother passed away, the title to her ranch property in the hill country was put into my mother's name, but I was named beneficial owner of all profit from selling the cattle.
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If you are the beneficial owner then you will be able to get all of the perks that come from having that position.
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