benefit


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benefit

1) n. any profit or acquired right or privilege, primarily through a contract. 2) in worker's compensation the term "benefit" is the insurance payment resulting from a fatal accident on the job, while "compensation" is for injury without death. 3) in income taxation, anything that brings economic gain. 4) "fringe benefits" are rights from employment other than salary or wages, including health or disability insurance. 5) v. to gain a benefit. (See: contract)

benefit

(Betterment), noun accommodation, assistance, avail, behoof, benefaction, comfort, enjoyment, expediency, gain, good, gratification, interest, pleasure, profit, promotion, relief, return, satisfaction, solace, success, succor, usufruct, utility, utilization, welfare, well-being, worth
Associated concepts: beneficial use, benefit of clergy, benefit of counsel, benefit of creditors, benefit of estate, benefit of the bargain, benefit of third person
Foreign phrases: In favorabilibus magis attenditur quod prodest quam quod nocet.In things favored, what is beneeicial is more regarded than what is harmful. Privatum innommodum publico bono pensatur. Private inconvenience is compensated for by public benefit.

benefit

(Conferment), noun aid, award, benefaction, beneficience, benevolence, bequest, bestowal, bonus, boon, charity, compensation, contribution, courtesy, devise, donation, endowment, favor, gift, good turn, kindness, largess, legacy, liberality, oblation, offering, offertory, philanthropy, present, presentation, remittance, reward, subsidy, subvention
Associated concepts: benefit certificate
Foreign phrases: Invito beneficium non datur.A benefit is not conferred upon a person against his will. Privilegium est beneficium personale, et extinguitur cum persona. A privilege is a personal benefit, and is extinguished with the death of the person. Omnes licentiam habere his quae pro se indulta sunt, renunciare. All are free to reeounce those privileges which have been allowed for their benefit.
See also: accommodate, advantage, aid, assistance, avail, behalf, bonus, capitalize, contribution, dividend, donation, edge, edification, endowment, favor, function, gain, gift, grant, help, largess, organize, output, preference, prerogative, priority, privilege, proceeds, profit, promote, promotion, realize, reap, recourse, reward, service, use, utility, value, welfare, worth

BENEFIT. This word is used in the same sense as gain (q. v.) and profits. (q. v.) 20 Toull. n. 199.

References in periodicals archive ?
Should the husband die, the wife will be able to step up to the husband's $12,648 annual Social Security benefit, but will no longer be entitled to her annual benefit of $8,208.
Others have the Cadillac of plans, offering retirees and other beneficiaries medical insurance for life--at the same level of benefits that current employees receive--with the entire cost paid by the governmental entity.
The WBP trust's assets are owned by the trust, not by the employer; any use of the assets by the employer for its own benefit or for the benefit of a related entity would be a party-in-interest transaction that violates ERISA Section 406(a)(1)(D).
Flores was seriously injured at work in October 2000 and received workers' compensation benefits from November 2000 through 2002.
Furthermore, the analysis suggests that, as the increasing costs of health benefits crowd out cash wages, turnover rates for top-performing employees increase.
But FedEx and the other companies argue that the state court's ruling does not apply to the health benefits they offer their employees.
With new legislation on its way in California, more companies will likely offer domestic partner benefits, especially as lawmakers strive to increase equality in the workplace.
She also says to keep benefit costs down, HR professionals should also look for plans that offer tax savings and can be underwritten to get immediate savings.
Provide information about the center's activities to other employee benefit plan stakeholders.
Both approaches require plans to offer a defined standardized benefit package or its actuarial equilivant.
Development of such computer software will substantially reduce the consulting cost to individual libraries in producing benefit estimates from the surveys.
Using the conventional approach, they estimated that implementing BACT would result in 210 fewer deaths per year in the target area, with approximately 25% of the benefits accruing to individuals with less than a high school education.