Connection lost
Server error
A lawyer without books would be like a workman without tools.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - financial interest
Every accomplishment starts with the decision to try.
✨ Enjoy an ad-free experience with LSD+
Definition of financial interest
Definition: Financial interest refers to any advantage or profit of a financial nature that a person desires. It can also refer to a legal share or right in property.
Examples:
- A person who invests in a company's stock has a financial interest in the company's success.
- A landlord has a financial interest in collecting rent from their tenants.
- A beneficiary of a trust has a financial interest in the assets held in the trust.
These examples illustrate how a person can have a financial interest in various situations. In each case, the person stands to gain financially from the outcome of the situation.
The difference between ordinary and extraordinary is practice.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
A financial interest is when someone wants to make money or gain some kind of financial benefit. It can be a legal claim to something, like owning part of a company or property, or it can be a right to receive money from something like a trust. There are different types of financial interests, like a controlling interest where someone owns more than half of a company and can make important decisions, or a contingent interest where someone can only get money if a certain condition is met.
The difference between ordinary and extraordinary is practice.
✨ Enjoy an ad-free experience with LSD+