beneficial interest
Definitions
Accounting
- noun a situation where someone is allowed to occupy or receive rent from a house without owning it
Law
- noun the interest of the beneficiary of a property or trust, which allows someone to occupy or receive rent from a property, while the property is owned by a trustee
Real Estate
- noun the right of the beneficiary of a property to occupy it or receive rent from it while it is owned by a trustee
