beneficial interest

beneficial interest definition - business

beneficial interest

The right to benefit from a trust, contract, or other form of agreement. For example, each spouse has a beneficial interest in a bank account being held in joint name.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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