ENTITLEMENT
entitlement
(noun) right granted by law or contract (especially a right to benefits); “entitlements make up the major part of the federal budget”
Source: WordNet® 3.1
Etymology
Noun
entitlement (countable and uncountable, plural entitlements)
The right to have something, whether actual or perceived.
Power, authority to do something.
Something that one is entitled to.
(politics) A legal obligation on a government to make payments to a person, business, or unit of government that meets the criteria set in law, such as social security in the US.
Source: Wiktionary