welfare fund

noun

Definition of welfare fund

: a fund usually established by an employer from which benefits are paid to employees in time of sickness or other specified occasion and commonly set up in response to union pressure and as a contractual obligation

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First Known Use of welfare fund

1891, in the meaning defined above

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The first known use of welfare fund was in 1891

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Cite this Entry

“Welfare fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/welfare%20fund. Accessed 21 Sep. 2020.

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