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entitlement

Definition 1

Distribution or exercise of an absolute privilege or right to an economic benefit (such as old age pension, social security, unemployment stipend) granted by contract or law, automatically upon meeting the required qualification.

Definition 2

Claim or right defended by reference to a precedence or established procedure.

Definition 3

Government scheme benefiting members of a particular group.

Definition 4

Offer or an actual payment of cash or stock (shares) to the holder of a security.

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