Report Abuse. carbon dioxide is as much necessary to you body as oxygen. The body requires a delicate balance between Co2 and O2 for living and functioning.
A letter of credit generally has three participants: the beneficiary (the person or company who will be paid), the buyer of the goods or services (sometimes called the applicant), and the issuing bank (the institution issuing the letter of credit). The beneficiary may request payment to an advising bank, which is a bank where
Definition: The beneficiary is the term in a life insurance or annuity insurance contract that identifies who will receive the benefit in the event of the insured death. A policy may have more than one beneficiary. The beneficiary can be revocable or irrevocable. The primary beneficiary is the person who first would receive the benefits of an insurance policy. If the primary beneficiary is deceased then the contingent beneficiary would receive the proceeds of the insurance policy. A contingent beneficiary is also sometimes called a secondary beneficiary. It is important to understand the role of the beneficiary in the insurance contract to ensure that regardless of circumstance the right person will receive the benefit. Beneficiary can also refer to someone who receives benefits from a health insurance policy such as payments for a health care service. How to Choose Your Beneficiary. Choosing a beneficiary on a life insurance policy can be as challenging as figuring out what kind of life insurance to buy.