benefit

noun | ben·e·fit

1. : something that provides an advantage or gain; specifically : an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement : an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement

   — general benefit
   : a benefit to the community at large resulting from a public improvement

   — special benefit
   : a benefit from a public improvement that directly enhances the value of particular property and is not shared by the community at large Note: In proceedings for a partial taking for the purpose of a public improvement, the condemning authority may use a special benefit to the remaining land as a set-off against the landowner's damages for the taking.

2. : a right especially that serves to limit a person's liability

   — benefit of discussion
   : the right of a surety being sued to compel the suing creditor to sue the principal first

   — benefit of division
   : the right of a surety being sued to compel the suing creditor to also sue the cosureties; also : the right of the surety to be liable only for his or her proportionate share of the debt

   — benefit of inventory
   : the right of an heir to be held liable for the debts of the estate only to the extent of the assets in the estate Note: The heir obtains the benefit of inventory by having a qualified public officer (as a notary public) make an inventory of the assets in the estate within the time period set by statute.

3. a : financial help in time of disability, sickness, old age, or unemployment

   b : payment or service provided for under an annuity, pension plan, or insurance policy — see also death benefit

   c : fringe benefit