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English definition of “beneficial interest”

beneficial interest

noun [C or U]    
LAW, FINANCE the right to receive income, profits, interest, etc. from a business, contract, or investment: He has a beneficial interest in 17,000 shares in the company.
LAW, PROPERTY the right to live in or receive income from a property: The property law in Scotland does not recognize a difference between the legal and the beneficial interests in inherited property. → Compare legal interest
(Definition of beneficial interest noun from the Cambridge Business English Dictionary © Cambridge University Press)
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