Beneficial Interest


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Beneficial Interest

Profits or advantages from property derived from the terms of a trust agreement.

A beneficiary of a trust has a beneficial interest in the trust property, the legal title of which is held by the trustee. The beneficiary receives the advantages of ownership of the property which the trustee holds and distributes according to the terms of the trust agreement.

beneficial interest

n. the right of a party to some profit, distribution, or benefit from a contract or trust. A beneficial interest is distinguished from the rights of someone like a trustee or official who has responsibility to perform and/or title to the assets, but does not share in the benefits. (See: contract, trust)

See: claim, right

BENEFICIAL INTEREST. That right which a person has in a contract made with another; as if A makes a contract with B that he will pay C a certain sum of money, B has the legal interest in the contract, and C the beneficial interest. Hamm. on Part. 6, 7, 25 2 Bulst. 70.

References in periodicals archive ?
Life Holding) will purchase four types of senior beneficial interests in the trust which correspond to the entrusted receivables: An installment senior beneficial interest, a shopping senior beneficial interest, a cashing senior beneficial interest, and a Demi senior beneficial interest.
03% of the issued share capital of the Company, of which 43,680 are held with a beneficial interest only, and holds 90,000 share options.
50 per Series G Cumulative Redeemable Preferred Share of beneficial interest of the Company, payable on January 17, 2007 to shareholders of record on December 29, 2006.
As of September 9, 1999, the Company's current market capitalization (the closing sale price of one Unit of Beneficial Interest reported on the NYSE multiplied by the number of outstanding Units of Beneficial Interest) was approximately $33.
federal income tax purposes, the distribution will not be taxable to holders of units of beneficial interest of the Liquidating Trust.
its beneficial interest in securities of Mondi Limited, such that the total
In 2005, we accelerated the amortization of our membership lists, increased the costs of stock issued for services, and posted additional charges for imputed beneficial interest on convertible notes that were signed last year.
Trustee of the Burlington Resources Coal Seam Gas Royalty Trust, announced today a quarterly cash distribution to the holders of units of beneficial interest of the Trust of $0.
4501 per Series J Cumulative Redeemable Preferred Share of beneficial interest of the Company, payable on October 13, 2006 to shareholders of record on September 30, 2006.
CHICAGO -- Equity Office Properties Trust (NYSE:EOP) today announced that its Board of Trustees declared the fourth quarter dividend for EOP's Series B preferred shares of beneficial interest.
As part of the transfer, each AmeriVest shareholder of record on December 27, 2006, will automatically become the holder of one unit of beneficial interest in the Trust for each share of AmeriVest common stock, and all outstanding shares of AmeriVest common stock will automatically be deemed canceled.
as trustee of Burlington Resources Coal Seam Gas Royalty Trust (NYSE: BRU), today announced a quarterly cash distribution to the holders of units of beneficial interest of $0.