Having an ownership of the benefits of something without actually owning that thing; for example, the beneficial owner of the distributions of a trust may not actually own the trust itself.
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Law Dictionary » B » BENEFICIAL OWNERSHIP
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Having an ownership of the benefits of something without actually owning that thing; for example, the beneficial owner of the distributions of a trust may not actually own the trust itself.