- The definition of a benefit is something that will provide an advantage for others, something you may receive as compensation from an insurance company or an event to raise money for a worthwhile cause.
- An example of a benefit is the action of creating a community playground.
- An example of a benefit is the payment you receive from the insurance company if your house burns down.
- An example of a benefit is a dinner intended to raise money for the Susan G. Komen foundation.
- To benefit is defined as to be helpful to others, or to receive help from others.
An example of benefit is to make a donation to the community's volunteer fire department.An example of benefit is to receive help after a serious illness.
benefit definition by Webster's New World
- Archaic a kindly, charitable act; benefaction
- gain or advantage: tax legislation for the benefit of the rich
- a favorable or beneficial circumstance, condition, or result: several benefits to good nutrition
- fringe benefit
- payments made by an insurance company, public agency, welfare society, etc. as during sickness, retirement, unemployment, etc. or for death
- any public performance, bazaar, dance, etc. the proceeds of which are to help a certain person, group, or cause
Origin: Middle English benefet ; from Old French bienfait, a kindness ; from Classical Latin benefactum, meritorious act ; from benefacere: see benefaction
benefit definition by American Heritage Dictionary
- a. Something that promotes or enhances well-being; an advantage: The field trip was of great benefit to the students.b. Help; aid.
- A payment made or an entitlement available in accordance with a wage agreement, an insurance policy, or a public assistance program.
- A public entertainment, performance, or social event held to raise funds for a person or cause.
- Archaic A kindly deed.
Origin: Middle English, from Old French bienfait, good deed, from Latin benefactum, from benefacere, to do a service; see benefaction.
benefit - Business Definition
- An entitlement that is part of an employment contract. For example, employees at a firm may receive dental and health insurance as benefits. Also called employee benefit, fringe benefit. See also certified employee benefit specialist.
- Payment by an insurance company to an insured person or an insured person's beneficiary. A person who has health insurance and is hospitalized will receive benefits from his or her insurance company. See also defined-benefit pension plan.
- Payment by a public assistance program.
benefit - Legal Definition
benefit - Phrases/Idioms
benefit of the doubt