A benefit is something that helps you, whether in the form of health insurance provided by an employer, welfare given by the government to those in need, or the benefit of the doubt extended to you by a friend.

The Latin bene- "good" is at the heart of the word benefit, which derives from the Latin benefactum "good deed." When attendance at a party or an event raises money for a charity, the event is referred to as a benefit in that charity's honor.

Definitions of benefit

n something that aids or promotes well-being

“for the benefit of all”
advantage, reward
benefit resulting from some event or action
interest, sake
a reason for wanting something done
for someone's benefit (usually expressed as `in behalf' rather than `on behalf' and usually with a possessive)
Type of:
good, goodness
that which is pleasing or valuable or useful

n financial assistance in time of need

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stock option
a benefit given by a company to an employee in the form of an option to buy stock in the company at a discount or at a fixed price
cost-of-living benefit
a benefit that goes to anyone whose money receipts increase automatically as prices rise
death benefit
insurance or pension money payable to a beneficiary of a deceased
disability benefit
insurance benefits paid in case of disability
sick benefit, sickness benefit
money paid (by the government) to someone who is too ill to work
fringe benefit, perk, perquisite
an incidental benefit awarded for certain types of employment (especially if it is regarded as a right)
advance death benefit
a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
apanage, appanage
any customary and rightful perquisite appropriate to your station in life
backsheesh, baksheesh, bakshis, bakshish, gratuity, pourboire, tip
a relatively small amount of money given for services rendered (as by a waiter)
Type of:
a sum of money paid or a claim discharged

n a performance to raise money for a charitable cause

benefit concert
a concert given for the benefit of some charitable cause
Type of:
performance, public presentation
a dramatic or musical entertainment

v derive a benefit from

gain, profit
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cash in on
take advantage of or capitalize on
make an unreasonable profit, as on the sale of difficult to obtain goods
capitalise, capitalize, take advantage
draw advantages from
enlarge one's holdings on an exchange on a continued rise by using paper profits as margin to buy additional amounts
clear, net, sack, sack up
make as a net profit
Type of:
acquire, get
come into the possession of something concrete or abstract

v be beneficial for

do good
Type of:
aid, help
improve the condition of

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