for the benefit of

Definitions (2)

1. FBO. A statement which indicates a beneficiary for a given document.
2. A statement on an Electronic Funds Transfer which indicates a contact person for the transfer.

Use for the benefit of in a sentence

You should try and make sure that you are always doing things for the benefit of your bottom line at all times.

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Jason's bank statements were repeating For The Benefit of before statements he had not been aware of, making him suspicious of fraudulent charges.

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Instead of sending me a birthday check each year, my grandmother now sends me an electronic funds transfer which requires her lawyer to draft a statement showing that the EFT is for the benefit of me.

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