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.
escargot (countable and uncountable, plural escargots) ( 1 uncountable) A dish, commonly associated with French cuisine, consisting of edible snails. ( 2 countable) A snail (often Helix pomatia) used in preparation of the dish of the same name.