"There was a second beneficiary.

Transferred credit cannot be transferred once again to any third beneficiary according to the request of the second beneficiary.

A transferable letter of credit can be transferred to more than one second beneficiary as long as credit allows partial shipments.

The fixed-payment amount depends on several factors, like how much you contribute, your age when you set up the annuity and whether there is a second beneficiary.

The second beneficiary, the Suffolk Accident Rescue Service, relies totally on charitable donations for its desperately-needed equipment.

A letter of credit can be transferred to the second beneficiary at the request of the first beneficiary only if it expressly states that the letter of credit is "transferable".

Part of the proceeds of a Credit is transferred to a second beneficiary (or to more than one second beneficiary) who presents his documents to the advising bank whereupon the first beneficiary substitutes his invoices and claims a larger amount thus ensuring he receives his share of the proceeds.