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fringe benefit

noun

Simple Definition of fringe benefit

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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of fringe benefit

  1. 1 :  an employment benefit (as a pension or a paid holiday) granted by an employer that has a monetary value but does not affect basic wage rates

  2. 2 :  any additional benefit <increased energy is a fringe benefit of regular exercise>

1948

First Known Use of fringe benefit

1948


Law Dictionary

fringe benefit

noun

Legal Definition of fringe benefit

  1. :  an employment benefit (as a pension, a paid holiday, or health insurance) granted by an employer that has a monetary value but that does not affect basic wage rates




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