Legal Definition and Related Resources of Beneficial Interest
Meaning of Beneficial Interest
An interest in property which the holder of the interest has for his own benefit and use, as opposed to a person who holds the Legal Interest or title in property for the benefit and use of another, as a trustee .
Beneficial Interest Alternative Definition
Profit, benefit, or advantage resulting from a contract, or the ownership of an estate, as distinct from the legal ownership or control. A cestui que trust has the beneficial interest in a trust estate, while the trustee has the legal estate. If A. makes a contract with B. to pay C. a sum of money, C. has the beneficial interest in the contract. A beneficial interest, when considered as a designation of the character of an estate, is such an interest as a devisee takes solely for his own use or benefit and not as a mere holder of the title for the use of another. 266 111. 340; 208 111. 442.
Related Entries of Beneficial Interest in the Encyclopedia of Law Project
Browse or run a search for Beneficial Interest in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Beneficial Interest in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Beneficial Interest in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Beneficial Interest in the Legal Abbreviations and Acronyms Dictionary.
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What does Beneficial Interest mean in American Law?
The definition of Beneficial Interest in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
In general, see beneficial. The term, however, is sometimes wide enough to encompass the interest of one who has a potential but certain right, e.g., one who is kept from total ownership only by some trivial technicality not within anyone”s power to prevent fulfillment. Beneficial interest is also sometimes used to mean “valuable interest,” or “profitable interest.”
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Beneficial Interest in the Dictionary | Beneficial Interest in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Beneficial Interest |
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Related topics | Beneficial Interest in the World Encyclopedia of Law |
Notice
This definition of Beneficial Interest Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
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English Legal System: Beneficial Interest
In the context of the English law, A Dictionary of Law provides the following legal concept of Beneficial Interest : The rights of a beneficiary in respect of the property held in trust for him.
See also equitable interests.
Concept of Beneficial Interest in the context of Real Property
A short definition of Beneficial Interest: The equitable, rather than legal ownership of property, such as under a land contract.
Concept of Beneficial Interest in the context of Real Property
A short definition of Beneficial Interest: The equitable, rather than legal ownership of property, such as under a land contract.
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