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noun benefit pronunciation in British English /ˈbenɪfɪt/
Word Forms
  1. 1
    [countable/uncountable] an advantage you get from a situation

    The new sports centre will bring lasting benefit to the community.

    benefit for:

    Consider the potential benefits of the deal for the company.

    get/gain/receive a benefit:

    The costs involved would outweigh any benefits gained.

    derive a benefit from something:

    Even Liza derived little benefit from the changes.

    reap a benefit:

    The town was still reaping the benefits years after the film’s release.

    be of benefit to someone/something:

    Not all competition is of benefit to the consumer.

    for someone’s benefit:

    Molly explained what was happening for my benefit.

    have the benefit of something:

    He has had the benefit of the best education money can buy.

  2. 2
    [countable/uncountable] British money or other help that the government gives people who need financial help, for example because they do not have a job. The American word is welfare

    housing/sickness/disability benefit

    claim (a) benefit:

    There has been an increase in the number of people claiming benefit.

    get/receive (a) benefit:

    families receiving benefit

    on benefit:

    She’s been on unemployment benefit for six years.


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a derogatory word used for referring to people in the banking and investment industry who are thought of as taking serious risks in order to increase their own earnings …

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