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Benefit

In financial terms if you make a benefit, then you are given something from either a specific financial product or as a part of your salary package, for example. So, you may be given a benefit payment by an insurer as the person that holds the policy if you need to claim.

From an employment perspective, most salary packages will nowadays come with a range of specific benefits attached to them. These can include pensions, insurance cover and health care schemes for example.


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