A payment or entitlement, such as one made under an insurance policy or employment agreement, or public assistance program. Or, more generally, something of value or usefulness.

Use benefit in a sentence

There was one benefit in particular that I was really happy to be getting in my new contract and it had to do with health.

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A term life insurance policy with a value of $200,000 would carry a death benefit of $200,000 upon the time of one's death.

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Insurance is one benefit one needs to look for and desire in a company's benefit package if one's spouse does not have insurance with his/her employment.

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1120-H Form fixed-for-fixed swaps