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beneficial owner meaning

  "beneficial owner" in a sentence
  • [Business]
    noun [C]

    (Law )

    the owner of an investment, a property, etc. who has the right to benefit from it, for example, by receiving the profits that are made from it. This person may not be the legal owner and another person or company may keep or look after the investment, etc. for them:

    The property is held in the name of a trustee, who is forbidden to reveal the beneficial owner.

    In terms of the Act, companies must publish the names and holdings of all beneficial owners of 5% or more of their shares.

    beneficial ownership noun [U]


  • [Economics]
    The true owner of an asset; the owner of the beneficial interest of property. It is usually the person whose funds were used for its purchase. The beneficial owner is not necessarily the legal owner.

  • [Finance]
    As used for most purposes under the federal securities laws. A beneficial owner of stock is any person or entity with sole or shared power to vote or dispose of the stock. This SEC definition is intended to include a holder who enjoys the benefits of ownership although the shares may be held in another name.

  • [Law]
    An owner who is entitled to the possession and use of land or its income for his own benefit. Under the Law of Property Act 1925a person who for valuable consideration conveys land as beneficial owner gives implied covenants
    (1) that he has the right to convey it;
    (2) for quiet enjoyment (i.e, that the transferee takes possession free from adverse claims to the land);
    (3) that the land is free from encumbrances other than any specified in the conveyance;
    (4)for further assurance (i.e. that the transferor will do anything necessary to cure any defect in the conveyance); and
    (5) when the land is leasehold (a) that the lease is valid and subsisting and (b) that the convenants in the lease have been performed and the rent paid. When the owner of a legal estate is not the beneficial owner (e.g. a mortgagee, trustee, or personal representative) his only implied covenant in a conveyance of the land is that he has not himself created any encumbrance.

Examples

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  1. the vendor shall assign as beneficial owner
  2. such guarantors should be the beneficial owners of the business
  3. are the existing shareholders the ultimate beneficial owner ( s ) of the share capital of the client
  4. i am not completely clear on what you mean by the words “ beneficial owner . ” could you kindly paraphrase it for me
  5. is the beneficial owner of the securities free from any incumbrance whatsoever in favour of a third party except as otherwise disclosed to the bank

Related Words

  1. beneficently meaning
  2. beneficia meaning
  3. beneficial meaning
  4. beneficial interest meaning
  5. beneficial occupancy meaning
  6. beneficial ownership meaning
  7. beneficially meaning
  8. beneficialness meaning
  9. beneficiary meaning
  10. beneficiary, primary | beneficiary | primary | primary beneficiary | meaning
PC Version