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Beneficial owner |
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Beneficial OwnerAs 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 ownerThe true owner of a security or property which may be registered in another name.Many clients of stockbrokers, particularly those of online execution-only brokers, have 'nominee' accounts. With nominee accounts, the shares are registered in the name of the broker, but the client is the beneficial owner.Similar MatchesNOBO (Non Objecting Beneficial Owner)NOBO (Non Objecting Beneficial Owner)A beneficial ("street") security holder who has not objected to his or her name being released to the Corporation, if the Corporation so requests. Beneficial loanBeneficial loanA loan made by an employer to an employee on which interest is either not charged or is less than the official rate. The difference between the interest charged and the official rate is taxable. Beneficial ownershipBeneficial ownershipOften used in risk arbitrage. Person who enjoys the benefits of ownership even though title is in another name. (Abused through the illegal use of a parking violation.) |
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