A society or association formed for mutual insurance, as among tradesmen or in labour unions, to provide for relief in sickness, old age, etc. and for the expenses of burial.

plural of benefit society

plural of benefit corporation

(US) A kind of corporate entity that seeks to have a positive impact on society and environment in addition to making profit.

(UK, law, historical) A legal provision by which clergymen (and, later, anybody who could read) could claim that they were outside the jurisdiction of the secular courts and be tried instead in an ecclesiastical court under canon law.

The use of a computer system to manage employees' benefits.

plural of benefit club

plural of employee benefit

Alternative form of defined benefits

(Scotland, law) A legal privilege whereby an heir secured himself against unlimited liability for his ancestor, by giving up within the annus deliberandi an inventory of his heritage or real estate, which then represented the maximum extent to which he was liable.