Beneficial Interest The right of a party to some profit, distribution, or benefit from a contract or trust.
Beneficial Interest
(n) Beneficial Interest is the right to get benefits from a property, business, activity etc without any attached responsibility for cost and damages or other losses incidental to such property, business or activity etc.
Beneficial Interest
Business Dictionary:
Beneficial Interest
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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.
1 : one holding a beneficial interest in a trust
compare beneficial interest at interest
2 : one enjoying the benefit of property of which another is the legal owner <was the beneficial owner of property held by the parent corporation> ...
It is a general rule that a joint contract survives, whatever may be the beneficial interests of the parties under it.
"An implied trust where the beneficial interest in property comes back, or results, to the person (or his representative) who transferred the property to the trustee or provided the means of obtaining it." ...
Change of beneficiary: Switching a bequest or beneficial interest from one person to another.
Charitable organization: One that issues no capital stock and has nothing in its charter providing for dividends or profits.
 See also: Interest, Beneficia, Property, Right, Person
  
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