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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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