Business Dictionary :
Beneficial, Beneficiary and Benefit
Beneficial : adjective : giving profit and gains
Beneficial Occupier = person who occupies a property but does not own it fully
Beneficial Interest = interest which allows someone to occupy or receive rent from a property, but not to own it
Beneficiary : noun : person who gains money from something
• The beneficiaries of a will
QUOTE : The pound sterling was the main beneficiary of the dollar’s weakness.
(Business Times : Lagos)
Benefit : noun : payments which are made to someone under a national or private insurance scheme
• She receives £20 a week as unemployment benefit.
• The sickness benefit is paid monthly.
• The insurance office sends out benefit cheques each week.
Death Benefit = money paid to the family of someone who dies in an accident at work
Fringe Benefits = extra items given by a company to workers in addition to their salaries (such as company cars, private health Insurance)
Benefit : verb :
(a) to make better or to improve
• A fall in inflation benefits the exchange rate
(b) to benefit from or by something = to be improved by something or to gain more money because of something
• Exports have benefited from the fall in the exchange rate.
• The employees have benefited from the profit -sharing scheme.
QUOTE : The retail sector will also benefit from the expected influx of tourists.
(Australian Financial Review)
QUOTE : What benefits does the executive derive from his directorship? Compensation has increased sharply in recent years and fringe benefits for directors have proliferated.
(Duns Business Month)
QUOTE : Salary is negotiable to $30.000 plus car and a benefits package appropriate to this senior post.
QUOTE : California is the latest state to enact a program forcing welfare recipients to work for their benefits.
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