beneficial

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beneficial

entitling a person to receive the profits or proceeds of property. See BENEFICIARY.
Collins Dictionary of Law © W.J. Stewart, 2006

BENEFICIAL. Of advantage, profit or interest; as the wife has a beneficial interest in property held by a trustee for her. Vide Cestui que trust.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.