Definition, Meaning & Synonyms
financial-benefit
noun
/fɪˈnæn.ʃəl ˈbɛn.ɪ.fɪt/
Definition
A financial benefit refers to an advantage or gain that is monetary in nature, typically resulting from a specific action, investment, or decision.
Examples
- Starting a new business often comes with high costs, but if successful, the financial benefits can be substantial.
- Many companies offer health insurance as a financial benefit to attract and retain employees.
Meaning
The term encompasses any profit or positive effect that has a direct or indirect monetary impact on an individual or organization.
Synonyms
- monetary gain
- financial advantage
- economic benefit
- profit
- fiscal reward
