equitable owner

Definition of "equitable owner"
  1. 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
How to use "equitable owner" in a sentence
  1. Despite not having her name on the title deed, as the spouse, she is recognized as the equitable owner of the property.
  2. Even though his father legally owns the land, he is considered the equitable owner as he has been managing it for years.
  3. 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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