benefit

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Benefit

In annuities, insurance and some government programs, the amount of money one receives under certain, stated circumstances. Benefits commonly refer to periodic payments one begins to receive following retirement, but they may also refer to welfare payments like rental assistance or food stamps. In general, benefits may be fixed at a certain amount (often determined by the amount one has contributed in premiums or taxes) or may vary according to inflation or an underlying investment portfolio.

benefit

see CONSUMER SURPLUS, VALUE CREATED MODEL.
References in periodicals archive ?
Ask a bowler and he will tell you the laws of the game contain not a word about giving batsmen the benefit of the doubt and that finally the balance is being redressed.
We believe children should be given the benefit of the doubt and .
Yet, under the rules, the benefit of the doubt is not given to the victim, but to the perpetrator of the offence.
Why did liberals so often find themselves giving the benefit of the doubt to a bunch of thugs?
Animals, he argues, should be given the benefit of the doubt.
Of course, to ascribe inconsistencies and distortions in the paintings themselves to a mimicry of the oddities of theater is to give Cooper the benefit of the doubt.
But sure we'll give them the benefit of the doubt and enjoy the scenery.
On a ball that lands so close to the line that you can't tell if it was in or out, you've got to give the benefit of the doubt to your opponent and play the shot.
White responded: "I always want to give the benefit of the doubt.
Try to give the person the benefit of the doubt while you prepare to talk with him or her in a way that helps you draw accurate conclusions.
If you love him, give him the benefit of the doubt this time.
Video referees are empowered to give the benefit of the doubt to the attacking side when making such judgements, but the problem is it seems to mean different things to different people.