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.
Firstly, the currants talked about here are a dried fruit and should not be confused with soft fruit currants such as blackcurrants. Here, the currants are the dark, black currants so popular in cakes, you will find them in a classic, Spotted Dick or an Eccles Cake and they are, in fact, dried, dark red, seedless grapes, often the black Corinth grape.