Definitions (3)
Related Terms
1. General: Advantage, privilege, right, or financial reimbursement (such as that made under an insurance policy, medical plan, or pension plan).
2. Finance: Desirable and measurable outcome or result from an action, investment, project, resource, or technology.
3. Marketing: Desirable attribute of a good or service, which a customer perceives he or she will get from purchasing. Whereas vendors sell features ("high speed drill bit with tungsten-carbide tip"), buyers seek the benefit (the holes).

Use 'benefit' in a Sentence

I attended the benefit dance last March 12th, where over a million dollars was raised to benefit research for cystic fibrosis.
18 people found this helpful
Elliott was the first to admit that telecommuting had its downside, but not having a daily commute was a definite benefit of his new situation .
15 people found this helpful
We were able to benefit from our insurance policy in several ways when our house flooded in the massive floods last year.
14 people found this helpful