beneficial owner

Definition of "beneficial owner"
  1. An individual or entity that enjoys the profits or benefits of a property or asset, even though the legal title may be held by a different person such as a trust
How to use "beneficial owner" in a sentence
  1. Although the house title is in her sister's name, she is the beneficial owner because she receives all the rental income.
  2. The trust was set up in such a way that the beneficial owner received all the profits from the estate's assets.
  3. Even though they didn't legally own the company, as the beneficial owners they had a real say in how it was run and benefited from its profits.

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