equitable owner
- A person, such as a trust beneficiary, who has ownership rights and obligations based on the principle of fairness, regardless of who holds the legal title
- Despite not having her name on the title deed, as the spouse, she is recognized as the equitable owner of the property.
- Even though his father legally owns the land, he is considered the equitable owner as he has been managing it for years.
- Since she is the beneficiary of the trust, she is regarded as the equitable owner of the assets despite not holding the title.
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