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Mammals can convert pyruvate to either ethanol or lactate depending on the availability of oxygen.
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A third party who benefits from a contract between two other parties, especially in the context of gifts or donations.
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A third party who benefits from a contract between two other parties, but has no rights to enforce the terms of the contract or claim damages for its breach.
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An entity that is designated to receive benefits or proceeds from a legal instrument, such as a trust, will, or insurance policy, in a corporate context.
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