beneficial interest
Defined in 6 dictionaries — Case Law, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Black's (1891)
Definitions from Case Law
From 65 U.S. 398 - Lessee of Robert Smith and Carey Butt v. William McCann · 1860Most cited · 44 citing opinions
It is not, however, every legal interest that is made liable to sale on a fi. fa. The debtor must have a beneficial interest in the property.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Profit, benefit, or advantage resulting from a contract, or the ownership of an estate, as distinct from the legal ownership or control. A cestui que trust has the beneficial interest in a trust estate, while the trustee has the legal estate. If A. makes a contract with B. to pay C. a sum of money, C. has the beneficial interest in the contract. A beneficial interest, when considered as a designation of the character of an estate, is such an interest as a devisee takes solely for his own use or benefit and not as a mere holder of the title for the use of another. 266 111. 340; 208 111. 442.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control. A cestui que trust has the beneficial interest in a trust estate while the trustee has the legal estate. If A makes a contract with B to pay C a sum of
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control.
Defined under Beneficial in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control.