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beneficial owner - definition and synonyms

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noun [countable] business, legal     beneficial owner pronunciation in British English
/ˌbenɪfɪʃ(ə)l ˈəʊnə(r)/
Word Forms
singularbeneficial owner
pluralbeneficial owners
  1. the person or people that enjoy the benefits of owning an asset, who may be different from the person or people whose name the asset is held in

    The legal owner or owners will not necessarily be the same as the beneficial owner or owners.

    This meaning is based on one submitted to the Open Dictionary from United Kingdom on 08/04/2016
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