Meaning & use

financial benefit

noun·Everyday

Last updated

UK/faɪˈnænʃəl ˈbenɪfɪt/
US/faɪˈnænʃəl ˈbenɪfɪt/

Meanings

  1. nouncountable

    An advantage or profit that comes in the form of money or financial gain.

    Grammar: Countable: you can have one benefit or many benefits. Use 'a' or 'the' before it.

    Patterns

    • a financial benefit from something
    • financial benefits for someone
    • provide a financial benefit

    The new tax law offers a financial benefit to small businesses.

    Employees receive financial benefits such as health insurance and a pension.

    There is no financial benefit in selling the house right now because prices are low.

  2. nouncountable

    A positive effect on someone's money situation, often used in policy or legal contexts.

    Grammar: Often used in the plural when talking about several types of advantages.

    Patterns

    • financial benefit of doing something
    • receive financial benefit
    • entitle someone to a financial benefit

    The financial benefit of working from home includes saving on commuting costs.

    The court decided that the financial benefit should be shared equally.

    Many families rely on financial benefits from the government to make ends meet.

Word forms

pluralfinancial benefits

Common combinations

provide a financial benefit
The company provides a financial benefit to workers who stay for five years.
receive a financial benefit
She received a financial benefit from the insurance claim.
financial benefit of something
The financial benefit of the merger was clear from the start.
a financial benefit to someone
The scholarship is a financial benefit to students from low-income families.
entitled to a financial benefit
Are you entitled to any financial benefit after losing your job?

Synonyms and how they differ

financial gain
Similar, but often implies money made from an investment or sale, not a general advantage.
monetary advantage
More formal and less common; used in technical or legal writing.
profit
Usually refers to money made in business after costs, not a personal or social benefit.

Opposites

financial lossfinancial disadvantage

Word family

financially adverb
In a way that relates to money.
beneficial adjective
Having a good effect.
beneficiary noun
A person who receives money or advantages from something.

Commonly confused: financial benefit or financial aid? financial benefit or financial incentive?

financial benefit vs financial aid

Financial aid is money given to help pay for education or emergencies, often not a benefit you earn.

financial benefit vs financial incentive

A financial incentive is a reward to encourage an action, while a financial benefit is any money advantage.

Practice

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