Definition, Meaning & Synonyms

benefit-payment

noun

/ˈbɛnɪfɪt ˈpeɪmənt/

Definition

A benefit payment is a financial amount provided to individuals, typically in the form of social security, unemployment benefits, or other government assistance to support their financial needs.

Examples

After losing her job, she started receiving benefit payments to help cover her living expenses.
Many families rely on benefit payments during difficult economic times.
Benefit payments can vary based on individual circumstances and eligibility requirements.

Meaning

Benefit payments serve as financial aid to help individuals manage their expenses when they are unable to work or need support due to specific circumstances.