DEFINITION of 'Unit Benefit Formula'. A method of calculating an employer's contribution to an employee's defined benefit plan. The employer calculates the contribution by multiplying an employee's years of service by a percentage of his or her salary. Next Up.
Currants are glossy red or black berries that grow on thornless upright shrubs. To be classified as a currant, the bush must be in the genus Ribes. Native to the Northern Hemisphere, these plants have been cultivated throughout Europe and Asia for centuries.
Champagne grapes, after they have been dried, are often sold as Zante currants, or sometimes simply as currants. Despite this name, they should not be confused with true currants, which are the berries of the Ribes plant and are usually called by a color name, such as redcurrants or blackcurrants.