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.
a small seedless raisin, produced chiefly in California and in the Levant, and used in cookery and confectionery. 2. the small, edible, acid, round fruit or berry of certain wild or cultivated shrubs of the genus Ribes. 3. the shrub itself. 4. any of various similar fruits or shrubs. Origin of currant.