Definitions for "Beneficial Interest"
If something really belongs to a person, even though they do not legally own it, they have a beneficial interest in it. If, for instance, parents hold an investment on behalf of their child, they are the legal owners but the child is the beneficial owner of the investment.
This term applies to a party who does not necessarily own an insurance policy but who has a financial interest in the property covered by an insurance contract.
An interest in ten percent (10%) or more of the liabilities of the licensee or CONTROLLING PERSON. CONTROL is presumed to exist when a person holds such an interest. ARS 4-101(9), 4-101(10)
The entitlement to receive benefits generated by assets held in another party's name, such as a Trustee. (See also Beneficiary).
the rights of a beneficiary in respect of property held under a trust for him or her.
When an individual or company is entitled to receive benefits that are produced by assets not held in their name, such as those under a Trustee.
as per Black's Legal Dictionary - "Profit, benefit or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control".
Unit of ownership in a real estate investment trust.