Beneficial interest
The financial value a person has in an asset even if the legal title is held jointly or in another name. It is particularly important with property.
Related terms
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Trustee negotiations
Negotiations with a bankruptcy trustee about matters such as asset values, beneficial interests, settlements or payments into the estate.
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Insolvency estate
The assets, rights and funds controlled by an insolvency office-holder for the purpose of dealing with claims and making distributions.
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Trustee in bankruptcy
The person who administers a bankruptcy estate, deals with assets and claims, and distributes available funds to creditors according to law.
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