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What is the Common Name for Beneficiary Owner Account, Which is to Be Opened by the Investors for Trading in Securities? - Business Studies

Short Note

What is the common name for Beneficiary Owner Account, which is to be opened by the investors for trading in securities?

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Solution

A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name. It also means any individual or group of individuals who, either directly or indirectly, has the power to vote or influence the transaction decisions regarding a specific security, such as shares in a company.

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APPEARS IN

NCERT Class 12 Business Studies Part 2 - Business Finance and Marketing
Chapter 2 Financial Markets
Very Short Answer | Q 4 | Page 278
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