beneficial interest
noun [ C or U ]
ukus LAW, FINANCE
the right to receive income, profits, interest, etc. from a business, contract, or investment:
He has a beneficial interest in 17,000 shares in the company.
LAW, PROPERTY
the right to live in or receive income from a property:
The property law in Scotland does not recognize a difference between the legal and the beneficial interests in inherited property.
Compare
legal interest