beneficial owner
- 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
- Although the house title is in her sister's name, she is the beneficial owner because she receives all the rental income.
- The trust was set up in such a way that the beneficial owner received all the profits from the estate's assets.
- 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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