Benefit
/ˈbɛnɪfɪt/
Definitions
- (n.) An advantage or profit gained from something.
Employees receive health benefits as part of their compensation.
- (v.) To receive an advantage; to be helped or improved by something.
The community benefited from the new infrastructure project.
Forms
- benefits
- benefited
- benefiting
Related terms
See also
Commentary
In contracts, 'benefit' often denotes what one party gains, crucial for establishing valid exchange.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.