benefit

/'benɪfɪt/ noun
1. payments which are made to someone under a national or private insurance scheme
She receives £75 a week as unemployment benefit.
Sickness benefit is paid monthly.
The insurance office sends out benefit cheques each week.
2. something of value given to an employee in addition to their salary
verb
1. to make better or to improve
A fall in inflation benefits the exchange rate.
2.
to benefit from or by something to be improved by something, to gain more money because of something
Exports have benefited from the fall in the exchange rate.
The employees have benefited from the profit-sharing scheme.
▪▪▪
‘…the retail sector will also benefit from the expected influx of tourists’ [Australian Financial Review]
▪▪▪
‘…what benefits does the executive derive from his directorship? Compensation has increased sharply in recent years and fringe benefits for directors have proliferated’ [Duns Business Month]
▪▪▪
‘…salary is negotiable to £30,000, plus car and a benefits package appropriate to this senior post’ [Financial Times]
▪▪▪
‘California is the latest state to enact a program forcing welfare recipients to work for their benefits’ [Fortune]

Dictionary of banking and finance. 2015.

Synonyms:

Look at other dictionaries:

  • benefit — ben·e·fit n 1: something that provides an advantage or gain; specif: an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement general benefit: a benefit to the community at… …   Law dictionary

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  • Benefit — may refer to:Something that a party/individual was not previously entitled to receive. *Economic benefit, the positive contribution to gross national product (or other measure of value) from an economic activity or project: see Cost benefit… …   Wikipedia

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  • Benefit — Album par Jethro Tull Sortie 20 avril 1970 Enregistrement décembre 1969 Durée 42:49 Genre rock progressif Producteur …   Wikipédia en Français

  • benefit — vb Benefit, profit, avail mean to do good or to be of advantage to someone. Benefit usually implies personal betterment or improvement (as of one s physical, intellectual, moral, or spiritual condition), but it may suggest enrichment or a… …   New Dictionary of Synonyms

  • benefit — ► NOUN 1) advantage or profit. 2) a payment made by the state or an insurance scheme to someone entitled to receive it, e.g. an unemployed person. 3) a public performance to raise money for a charity. ► VERB (benefited or benefitted, benefiting… …   English terms dictionary

  • Benefit — Ben e*fit, n. [OE. benefet, benfeet, bienfet, F. bienfait, fr. L. benefactum; bene well (adv. of bonus good) + factum, p. p. of facere to do. See {Bounty}, and {Fact}.] 1. An act of kindness; a favor conferred. [1913 Webster] Bless the Lord, O my …   The Collaborative International Dictionary of English

  • Benefit — ist der Name mehrerer Orte in den Vereinigten Staaten: Benefit (Georgia) im White County im Bundesstaat Georgia Benefit (Virginia) im Gemeindegebiet der Stadt Chesapeake im Bundesstaat Virginia Diese Seite ist eine Begriffsklärung zur… …   Deutsch Wikipedia

  • benefit — /ˈbɛnefit, ingl. ˈbɛnɪfɪt/ s. m. inv. fringe benefit, beneficio accessorio …   Sinonimi e Contrari. Terza edizione

  • benefit — [n1] advantage, profit account, aid, asset, assistance, avail, benediction, betterment, blessing, boon, cream*, egg in one’s beer*, extras, favor, gain, godsend*, good, gravy*, help, interest, perk*, profit, prosperity, use, welfare, worth;… …   New thesaurus

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