Benefit

From ACT Wiki
Jump to: navigation, search

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