benefit society

noun

Definition of benefit society

: an association by which life insurance, sick allowances, the payment of funeral expenses, provision for old age, or other similar benefits are secured by means of regular dues or special assessments paid by its members

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Learn More About benefit society

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Cite this Entry

“Benefit society.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/benefit%20society. Accessed 17 May. 2022.

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