MLchartDataset catalogue

Beneficial interest

Term · Law · MLC-T-LAW-000696

The right to receive the economic benefits or enjoyment of property, even if legal title is held by another party. This interest is common in trusts, where a trustee holds legal title but the beneficiary holds the beneficial interest. It grants the holder the right to income, use, or proceeds from the asset.

Table 1. Record
IdentifierMLC-T-LAW-000696
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000696",
  "term": "Beneficial interest",
  "field": "Law",
  "definition": "The right to receive the economic benefits or enjoyment of property, even if legal title is held by another party. This interest is common in trusts, where a trustee holds legal title but the beneficiary holds the beneficial interest. It grants the holder the right to income, use, or proceeds from the asset.",
  "url": "https://mlchart.com/terminology/law/beneficial-interest/"
}

Record 495 of 5,441 in Law terminology (MLC-0107). Request the full dataset.