Equitable Interest

Definition of Equitable Interest

The interest of a beneficiary under a trust is considered equitable as contrasted with the interest of the trustee which is a legal interest because the trustee has legal as contrasted with equitable title. Restatement, Second, Trusts,§ 2f. See also Equitable ownership.

That's the definition of Equitable Interest in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.