Beneficiary: Canada Debt .ca defines Beneficiary

Bankruptcy Term Beneficiary

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Beneficiary. Finding answers to terms such as Beneficiary can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Beneficiary in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Beneficiary' is used as follows:

The person who is in receipt, or will be in receipt, of some asset, thing, or thing of value. For example, a person can make a will naming someone, usually their spouse, as beneficiary of their estate.