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English definition of “beneficial owner”

beneficial owner

noun [C]
 
 
LAW, FINANCE, PROPERTY a person or organization that has the right to receive income, profits, etc. from a property or investment that they own: Parents can put the investment in an account where the parent is the legal owner but the child is the beneficial owner. No one knows who the beneficial owners of the football club are. → Compare legal interest
(Definition of beneficial owner from the Cambridge Business English Dictionary © Cambridge University Press)
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