The party that receives all of the benefits or rights of an owner of a security even though the legal ownership of the security is recorded in the name of a broker or a bank in street name. American Banker Glossary
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As used for most purposes under the federal securities laws. A beneficial owner of stock is any person or entity with sole or shared power to vote or dispose of the stock. This SEC definition is intended to include a holder who enjoys the benefits of ownership although the shares may be held in another name. Bloomberg Financial Dictionary
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The true owner of a security. The registered holder of the shares may act as a nominee to the true shareholder. Exchange Handbook Glossary
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beneficial owner UK US noun [C]
► LAW, FINANCE, PROPERTY a person or organization that has the right to receive income, profits, etc. from a property or investment that they own: »
Parents can put the investment in an account where the parent is the legal owner but the child is the beneficial owner.
»No one knows who the beneficial owners of the football club are.
Financial and business terms. 2012.