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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Cite this Entry

“Benefit society.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/benefit%20society. Accessed 14 December 2019.

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