- Benefit - Special benefit or right - Special entitlement - A peculiar benefit, advantage, or favor; a right or
immunity not enjoyed by others or by all; special enjoyment of a good,
or exemption from an evil or burden; a prerogative; advantage;
franchise. - See Call, Put, Spread, etc. - To grant some particular right or exemption to; to
invest with a peculiar right or immunity; to authorize; as, to
privilege representatives from arrest. - To bring or put into a condition of privilege or
exemption from evil or danger; to exempt; to deliver.
- An annuity, with the benefit of survivorship, or a loan
raised on life annuities with the benefit of survivorship. Thus, an
annuity is shared among a number, on the principle that the share of
each, at his death, is enjoyed by the survivors, until at last the
whole goes to the last survivor, or to the last two or three, according
to the terms on which the money is advanced. Used also adjectively; as,
tontine insurance.