What does benefit mean?

Looking for the meaning or definition of the word benefit? Here's what it means.

Noun
  1. An advantage, help, sake or aid from something.
  2. A payment made in accordance with an insurance policy or a public assistance scheme.
  3. An event such as a performance, given to raise funds for some cause.
  4. (obsolete) beneficence; liberality
Verb
  1. (transitive) To be or to provide a benefit to.
  2. (intransitive) To receive a benefit (from); to be a beneficiary.
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