Benefit

1. Pensions.

In the context of pensions, benefits are entitlements to receive pensions or related payments.

2. Welfare - public sector.

In the context of public welfare, benefits are rights of individuals to pensions and other payments from the state.

3. Employment - employees.

Abbreviation for benefit in kind.

4. Advantage.

More broadly, any advantage.

Insurers enjoy benefit of float

"[Float is the] timing benefit enjoyed by insurance companies of receiving insurance premia in advance (of the period covered by the related insurance contract)."

Float - the Treasurer's wiki.

See also

• Accrual
• Accrue
• Accrued benefit obligation
• Accrued benefits
• Accrued benefits funding method
• Benefit corporation
• Benefit in kind
• Benefits Agency
• Float
• Insurance
• Outsourcing
• Pension Benefit Guaranty Corporation
• Premium
• Projected benefit obligation
• Prospective benefits funding method
• Remittance
• Welfare