noun
the legal right of ownership that provides the holder with the benefits of ownership without the actual title or possession of the property
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Beneficial ownership refers to the legal right of ownership even if the title is in another person's name.
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Having beneficial ownership means you still own something even if someone else holds the title.
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If you have beneficial ownership, it's like you're the real boss even if someone else is in charge.
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In the world of business, beneficial ownership is like holding the keys to the kingdom even if you're not sitting on the throne.