Beneficial Interest Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Beneficial Interest, written in plain English, along with examples of how it is used.
What is Beneficial Interest?
(n) Beneficial Interest is the right to get benefits from a property, business, activity etc without any attached responsibility for cost and damages or other losses incidental to such property, business or activity etc. In some instances minors are not permitted to join partnership contracts but permit them to have beneficial interest in the partnership whereby they get share of profit but not share of loss like other partners