| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,773,926,697 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
beneficial interest |
Also found in: Wikipedia | 0.03 sec. |
|
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 also: 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| Most clauses are activated when the beneficiary attempts to assign his beneficial interest in the trust or files for bankruptcy. Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that 2006 distributions on the Company's common shares of beneficial interest represent 40. Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that 2005 distributions on the Company's common shares of beneficial interest represent 50. |
| Legal Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|