Stakeholder Legal Meaning and Definition

Here is a simplified definition of the legal term Stakeholder.

Stakeholder (noun):

A stakeholder is an individual, group, or organization that holds or is potentially affected by the outcome of a particular investment, project, or legal dispute. This could include holding assets such as money, properties, or goods where the ownership is to be determined by a future event or legal judgment.

This term is commonly used in business and legal contexts to refer to entities with a vested interest or stake in a specific issue or decision.