entitlement

Short definition from Wiktionary

Noun

1. 1
   The right to have something, whether actual or perceived.
2. 2
   Power, authority to do something.
3. 3
   Something that one is entitled to.
4. 4
   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.