welfare fund

noun

: 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

Word History

First Known Use

1891, in the meaning defined above

Time Traveler
The first known use of welfare fund was in 1891

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Dictionary Entries Near welfare fund

Cite this Entry

“Welfare fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/welfare%20fund. Accessed 28 Nov. 2022.

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