Pronunciation: /bɛˌnɪˈfɪʃəl ˈoʊnərˌʃɪp/
noun the legal right of ownership that provides the holder with the benefits of ownership without the actual title or possession of the property
A1 Beneficial ownership means having the right to use something even if it is not legally owned by you.
A2 Understanding beneficial ownership is important for knowing who truly benefits from a property or asset.
B1 The concept of beneficial ownership can be complex, especially in cases involving trusts or joint ownership.
B2 Investors often seek beneficial ownership of companies in order to receive dividends and voting rights.
C1 Legal professionals must be well-versed in the nuances of beneficial ownership to properly advise clients on asset protection strategies.
C2 Establishing beneficial ownership structures can be a key component of tax planning for high-net-worth individuals.
formal Beneficial ownership refers to the legal right of ownership even if the title is in another person's name.
informal Having beneficial ownership means you still own something even if someone else holds the title.
slang If you have beneficial ownership, it's like you're the real boss even if someone else is in charge.
figurative In the world of business, beneficial ownership is like holding the keys to the kingdom even if you're not sitting on the throne.
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