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 ?
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.
I give him the benefit of the doubt since he is an attorney and not an economist or accountant.
We might all argue about the validity of the war against Iraq -part of the global war agains terrorism -but when you see the tears of those who lost loved ones on 9/ll, we might just give the Prime Minister the benefit of the doubt.
Traders, meanwhile, decided not to risk giving the other big banks the benefit of the doubt.
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.
The result: If you do not give Perry the benefit of the doubt, you may feel he wrote the book with less than admirable intentions.
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.
To which, the court, while giving the benefit of the doubt, ordered for the acquittal of four persons.
and the three other police generals the benefit of the doubt.