disability benefits

disability benefits definition - business

disability benefits

Money available from private insurance or Social Security to individuals who meet established medical guidelines for disability. Benefits from private insurance are generally based on a percentage of income, while Social Security benefits are similar to retirement benefits. See also total disability.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.