What does beneficial interest mean?

beneficial interest meaning in Legal Dictionary

n. the best of a party for some profit, circulation, or take advantage of a contract or trust. A brilliant interest is distinguished from liberties of someone like a trustee or official who's responsibility to perform and/or name towards the possessions but does not share when you look at the benefits.

beneficial interest meaning in Law Dictionary

Profit, benefit, or benefit caused by a contract, or the ownership of an estate as specific from the legal ownership or control.