beneficial interest

beneficial interest
beneficial interest see interest 1

Merriam-Webster’s Dictionary of Law. . 1996.

beneficial interest
index claim (right)

Burton's Legal Thesaurus. . 2006


beneficial interest
n.
In trusts, the benefit or profit from the use of property enjoyed by a beneficiary who has an equitable interest in it, as opposed to the legal title held by a trustee.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


beneficial interest
The right of a party to some profit, distribution, or benefit from a contract or trust. A beneficial interest is distinguished from the rights of someone like a trustee or official who has responsibility to manage the assets, but does not share in the benefits.
Category: Business, LLCs & Corporations
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

beneficial interest
An interest in the enjoyment or benefit of property. This is separate from the legal ownership of the property and a legal owner is not necessarily entitled to the benefit of the property. There may be more than one beneficial owner of property, just as there may be more than one legal owner.
The legal owner may hold the legal interest on trust for the beneficial owner.
A beneficial interest is sometimes called an equitable interest.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


beneficial interest
Profits or advantages from property derived from the terms of a trust agreement.

Dictionary from West's Encyclopedia of American Law. 2005.


beneficial interest
Profits or advantages from property derived from the terms of a trust agreement.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

beneficial interest
n.
   the right of a party to some profit, distribution, or benefit from a contract or trust. A beneficial interest is distinguished from the rights of someone like a trustee or official who has responsibility to perform and/or title to the assets but does not share in the benefits.
   See also: contract, trust

Law dictionary. . 2013.

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Look at other dictionaries:

  • beneficial interest — ➔ interest * * * beneficial interest UK US noun [C or U] ► LAW, FINANCE the right to receive income, profits, interest, etc. from a business, contract, or investment: »He has a beneficial interest in 17,000 shares in the company. ► LAW, PROPERTY… …   Financial and business terms

  • Beneficial interest — A beneficial interest is that right which a person has in a contract made with another (third) person. [ [http://www.lectlaw.com/def/b092.htm The Lectric Law Library s Lexicon] ] The typical example is if A makes a contract with B that he will… …   Wikipedia

  • beneficial interest — The right to the use and enjoyment of property, rather than to its bare legal ownership. For example, if property is held in trust, the trustee has the legal title but the beneficiaries have the beneficial interest in equity. The beneficiaries,… …   Big dictionary of business and management

  • beneficial interest — An expression with variable meaning, dependent on the context in which it appears; that which remains of the estate of a decedent after the payment of debts and the expenses of administration. 28 Am 1 Rev ed Inher T § 388; such an interest as a… …   Ballentine's law dictionary

  • beneficial interest — /bɛnəˈfɪʃəl ɪntrəst/ (say benuh fishuhl intruhst) noun Finance an interest in a property, as in the property of a trust, held by a beneficiary to the trust. Compare equitable interest …  

  • beneficial interest —    An individual s right to some profit, distribution or benefit from a contract or trust. Such an interest is different from the rights of a trustee, who has responsibility for certain assets, but who does not directly share in the benefits …   Business law dictionary

  • beneficial interest — legal right that does not stem from ownership of assets …   English contemporary dictionary

  • beneficial interest — /ˌbenɪfɪʃ(ə)l ɪntrəst/ noun a situation where someone is allowed to occupy or receive rent from a house without owning it …   Dictionary of banking and finance

  • beneficial — ben·e·fi·cial /ˌbe nə fi shəl/ adj 1: providing benefits or advantages 2: receiving or entitling one to receive an advantage, benefit, or use a beneficial shareholder a beneficial estate ben·e·fi·cial·ly / shə lē/ adv …   Law dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

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