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 ?
Granada Hills benefiting Knollwood Elementary School.
The regulations generally provide that an employee is treated as benefiting under a defined benefit plan for a plan year only if the employee's accrued benefit increases.
4975(c)(1)(D), which prohibits disqualified persons (such as fiduciaries) from benefiting from the use of plan assets.