1 Trusts: A trust must be set up before you can designate one or more trustee and name the trust beneficiaries. 2  Charity: You can name a charity as either the primary or contingent beneficiary. 3  Key person life insurance: It is a common practice for a business to purchase life insurance on key personnel in the company.
Pros and cons of fracking. There has been much debate recently about the advisability or otherwise of drilling for oil or gas deposits in shale using the technique popularly known as fracking (more properly called hydraulic fracturing).
(Verb) Slang term for hydraulic fracturing. Fracking is the drilling method that uses water, sand and other additives to expand fissures in underground rocks to free oil or natural gas trapped within them.Before the development of fracking, it was not commercially viable to try to mine these resources with existing technology.(Noun) hydraulic fracturing.(Noun) hydraulic fracturing; the process of creating cracks in rock formations by injecting fluid into cracks to force them open to collect the gas that seeps out. (Noun) The extraction of natural gas through the process of hydraulic fracturing.racking is the drilling method that uses water, sand and other additives to expand fissures in underground rocks to free oil or natural gas trapped within them. Before the development of fracking, it was not commercially viable to try to mine these resources with existing technology. (Noun) hydraulic fracturing.