the real owner of a security or residential property that could be registered in another title. Numerous customers of stockbrokers, specifically those of on line execution-only agents, have actually 'nominee' reports. With nominee records, the shares tend to be signed up in the name associated with agent, but the customer may be the advantageous owner.
The owner of securities plus the rightful recipient regarding the benefits accorded; the useful owner is usually unlike the subject owner (typically a financial institution holding the securities with respect to consumers).
She became the beneficial owner of all the shares in the Talyllyn Railroad Company.