Business Dictionary :

Beneficial, Beneficiary and Benefit



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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.
(
Financial Times)


QUOTE : California is the latest state to enact a program forcing welfare recipients to work for their benefits.
(
Fortune)

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