Fungal Disease (Sporotrichosis) of the Skin in Cats. Save to mypetMD. Sporothrix schenckii is a fungus that has the potential to infect the skin, respiratory system, bones and sometimes the brain, causing a diseased state called sporotrichosis.
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.
DEFINITION of 'Named Beneficiary'. This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts, IRAs, or any other instrument, to whom benefits are paid. Named beneficiaries are the beneficial owners of the property and will share in the proceeds at the time of disposition.In an annuity policy, for example, the policyholder and the named beneficiary may be the same person. Next Up.amed beneficiaries are the beneficial owners of the property and will share in the proceeds at the time of disposition. In an annuity policy, for example, the policyholder and the named beneficiary may be the same person. Next Up.