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
: payments which are made to someone under a national or private insurance scheme
• She receives £20 a week as unemployment benefit.Death Benefit
• The sickness benefit is paid monthly.
• The insurance office sends out benefit cheques each week.
= 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
(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.QUOTE
• The employees have benefited from the profit -sharing scheme.
: The retail sector will also benefit from the expected influx of tourists.
(Australian Financial Review
: 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
: Salary is negotiable to $30.000 plus car and a benefits package appropriate to this senior post.
: California is the latest state to enact a program forcing welfare recipients to work for their benefits.
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