beneficial owner


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Beneficial Owner

As used for most purposes under the federal securities laws. A beneficial owner of stock is any person or entity with sole or shared power to vote or dispose of the stock. This SEC definition is intended to include a holder who enjoys the benefits of ownership although the shares may be held in another name.

Beneficial Owner

A person who has effective ownership of a security or other property without actually holding title to it. This especially refers to holding voter proxy or investment power over a share or transaction, whether directly or indirectly. See also: Double-dip lease.

beneficial owner

The owner of a security registered in another name. For example, investors often leave securities in trust with their brokerage firms. Although the brokerage firm is shown on the issuer's books as the owner of record, the investor is the beneficial owner.

Beneficial owner.

When your stocks are registered in street name, the brokerage firm has title to the stocks but you are the beneficial owner, or the person who actually benefits from owning the stock.

beneficial owner

the ultimate owner of a FINANCIAL SECURITY rather than any NOMINEE who may have been appointed to hold legally the financial security on behalf of the beneficial owner.
References in periodicals archive ?
Pursuant to Section 224(1) of the Companies Ordinance, the beneficial owner who makes such gain is required to surrender the amount of the gain to the company and the amount of tenderable gain is calculated in the manner provided in Rule 16 of the 1985 Companies General Provisions and Forms Rules.
A payor can treat a person as foreign if the payor can reliably associate the payment with documentation that establishes that the person is the beneficial owner of the income or a foreign payee.
These shell companies, which are incorporated in such offshore jurisdictions as the Bahamas, the British Virgin Islands, the Cayman Islands, the Netherlands Antilles, and countries in the South Pacific, such as the Cook Islands, Fiji, Nauru, and Vanuatu, are formed to hold the customer's assets, as well as offer confidentiality because the company, rather than the beneficial owner of the assets, becomes the account holder at the private bank.
mail the notice directly to each beneficial owner identified to the issuer or registrar.
holder, beneficial owner, prospective investor or analyst) to:
Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for U.
The 5% rate for direct investment dividends is retained and applies if the beneficial owner is a company (other than a partnership) that directly holds at least 10% of the payer's voting stock.
Dividends: Rate on direct investment dividends remains 5%; however, such rate will now be available when the beneficial owner is a company that owns 10% of the voting stock of the company paying the dividend and the payer is not a RIC, REIT or French SICAV.
Ashcroft is the beneficial owner of 11,075,718 of the Company's common shares, Mr.
By arrangement with the beneficial owners, intermediaries frequently hold securities in a beneficial owner's account in their own names (i.
A qualified creditor is the beneficial owner, immediately before the change, of qualified indebtedness of the loss corporation.
6) The Non Objecting Beneficial Owner (NOBO) list, under intense review by RushNet, counts 4,231 individual shareholders, constituting a significant fraction of total shareholder base.