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

archaic :  an act of kindness :  benefaction
a :  something that promotes well-being :  advantage
b :  useful aid :  help
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
:  an entertainment or social event to raise funds for a person or cause

Examples of BENEFIT

  1. the benefits of fresh air and sunshine
  2. A benefit of museum membership is that purchases are discounted.
  3. There are many financial benefits to owning your own home.
  4. She is just now starting to reap the benefits of all her hard work.
  5. The benefits of taking the drug outweigh its risks.
  6. I see no benefit in changing the system now.
  7. We're lucky to be able to get the full benefit of her knowledge.
  8. He began collecting his retirement benefits when he was 65.
  9. He began collecting his retirement benefit when he was 65.
  10. The job doesn't pay much, but the benefits are good.

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



: 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

Examples of BENEFIT

  1. The new plan may benefit many students.
  2. medicines that benefit thousands of people
  3. The politician held a fund-raiser to benefit his campaign.
  4. Some critics say that the tax cuts only benefit wealthy people.
  5. He'll benefit by having experiences I never did.

First Known Use of BENEFIT

15th century


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May 24, 2015
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