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 ?
If I was to keep thinking that referees will always give the benefit of the doubt to the higher-ranked sides in the world, I'd give up now.
Wallace said: "The major difference seems to be that in the UK we give the benefit of the doubt to a winner in a case of interference, whereas on the continent the injured party gets the benefit of any doubt.
We were to give the benefit of the doubt only to those seen as horny-handed sons of toil.