Equitable Interest
/ˌekwɪtəbl ˈɪntrəst/
Definitions
- (n.) A right or interest recognized by equity courts allowing a party to benefit from property ownership even if legal title is held by another.
The beneficiary holds an equitable interest in the trust's assets.
- (n.) An interest enforceable in equity, such as a beneficiary's right under a trust or a purchaser under a contract specifically enforceable.
He claimed an equitable interest in the real estate despite not having the legal title.
Forms
- equitable interests
Related terms
See also
Commentary
Equitable interest is distinct from legal title; drafters should specify whether rights are equitable or legal to clarify enforceability and remedies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.