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beneficial owner

 - 3 dictionary results
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Financial Dictionary

Beneficial Owner

A person who enjoys the benefits of ownership even though title is in another name.

Investopedia Commentary

For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial owner, even though, for safety and convenience, the bank or broker holds title.

Related Links

See also: Custodian Bank, In Street Name, Shareholder

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Benefiial LaonModificatin
Eliminate all late Payments & Fees Get Fresh Start, we Lower your Rate
www.Goverment-Modification.org
$5000 Loans
Cash Wired Directly to Your Account Bad Credit OK. 60 Second Approvals.
www.eLoanPersonal.com
Financial Dictionary

beneficial owner

The owner of a security registered in another name. For example, investors often leave securities in trust with their brokerage firms. Although the brokerage firm is shown on the issuer's books as the owner of record, the investor is the beneficial owner.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: beneficial owner
see OWNER
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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