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.
1. any of several tart red or black berries used primarily for jellies and jams. 2. any of various deciduous shrubs of the genus Ribes bearing currants. 3. small dried seedless raisin grown in the Mediterranean region and California; used in cooking.