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
Full Definition of fringe benefit
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 : any additional benefit <increased energy is a fringe benefit of regular exercise>
First Known Use of fringe benefit
Legal Definition of fringe benefit
: 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
Learn More about fringe benefit
Britannica.com: Encyclopedia article about "fringe benefit"
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