Dictionary

1benefit

noun ben·e·fit \ˈbe-nə-ˌfit\

: a good or helpful result or effect

: money that is paid by a company (such as an insurance company) or by a government when someone dies, becomes sick, stops working, etc.

: something extra (such as vacation time or health insurance) that is given by an employer to workers in addition to their regular pay

Full Definition of BENEFIT

1
archaic :  an act of kindness :  benefaction
2
a :  something that promotes well-being :  advantage
b :  useful aid :  help
3
a :  financial help in time of sickness, old age, or unemployment
b :  a payment or service provided for under an annuity, pension plan, or insurance policy
c :  a service (as health insurance) or right (as to take vacation time) provided by an employer in addition to wages or salary
4
:  an entertainment or social event to raise funds for a person or cause
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Origin of BENEFIT

Middle English, from Anglo-French benfet, from Latin bene factum, from neuter of bene factus, past participle of bene facere
First Known Use: 14th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

2benefit

verb

: to be useful or helpful to (someone or something)

: to be helped

benefit·ed \-ˌfi-təd\ also benefit·tedbenefit·ing also benefit·ting

Full Definition of BENEFIT

transitive verb
:  to be useful or profitable to
intransitive verb
:  to receive benefit <has benefited from his experience>
ben·e·fit·er \-ˌfi-tər\ noun

First Known Use of BENEFIT

15th century
BENEFITS Defined for Kids

1benefit

noun ben·e·fit \ˈbe-nə-ˌfit\

Definition of BENEFIT for Kids

1
:  a good or helpful result or effect <the benefits of fresh air>
2
:  useful assistance :  help <… he is an orphan whom I raised myself without benefit of governess … — Norton Juster, The Phantom Tollbooth>
3
:  money paid in time of death, sickness, or unemployment or in old age (as by an insurance company)

2benefit

verb
ben·e·fit·edben·e·fit·ing

Definition of BENEFIT for Kids

1
:  to be useful or profitable to <The changes will benefit everyone.>
2
:  to be helped <He'll benefit from new experiences.>
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