benefit in kind

benefit in kind
benefit in kind ˌbenefit in ˈkind noun benefits in kind PLURALFORM [countable] HUMAN RESOURCES
something other than money, for example free meals or a company car, that an employer gives to a worker in addition to their normal pay:

• All benefits in kind are now taxed.

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benefit in kind UK US noun [C] (plural benefits in kind) HR
something, such as a car, free meals, or a mobile phone, that an employer gives to an employee in addition to their salary: »

Mr Smith's salary, pension, and benefits in kind, including a company car and medical insurance, amounted to £289,627 for the year 2010.

Compare EMPLOYEE BENEFIT(Cf. ↑employee benefit), FRINGE BENEFIT(Cf. ↑fringe benefit), PERQUISITE(Cf. ↑perquisite)

Financial and business terms. 2012.

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Look at other dictionaries:

  • benefit in kind — UK US noun [countable] [singular benefit in kind plural benefits in kind] business british something that an employee receives from the company they work for, other than their usual pay, for example a car or health insurance …   Useful english dictionary

  • benefit in kind — A non monetary benefit provided to an employee or worker that forms part of their remuneration. Practical Law Dictionary. Glossary of UK, US and international legal terms. 2010 …   Law dictionary

  • benefit in kind — UK / US noun [countable] Word forms benefit in kind : singular benefit in kind plural benefits in kind business British something that an employee receives from the company they work for, other than their usual pay, for example a car or health… …   English dictionary

  • benefit in kind — /ˌbenɪfɪt ɪn kaɪnd/ noun a benefit other than money received by an employee as part of his or her total compensation package, e.g. a company car or private health insurance. Such benefits are usually subject to tax …   Dictionary of banking and finance

  • kind — [kaɪnd] noun COMMERCE ( a) payment/​benefit in kind a method of paying someone by giving goods or services instead of money: • The company agreed that the loan should be settled by payment in kind. • A workplace nursery is not regarded as a… …   Financial and business terms

  • Benefit of Clergy — • The exemption from the jurisdiction of the secular courts, which in England, in the Middle Ages, was accorded to clergymen Catholic Encyclopedia. Kevin Knight. 2006. Benefit of Clergy     Benefit of Clergy …   Catholic encyclopedia

  • Benefit season — A benefit season is a method of financially rewarding professional cricketers that is used by English county cricket teams to compensate long serving players. The system originated in the 19th century to help out professional cricketers who were… …   Wikipedia

  • benefit — Synonyms and related words: abet, absolute interest, account, act of grace, act of kindness, advance, advantage, aid, allowances, ameliorate, answer, assist, assistance, avail, bail out, be handy, be of use, be right, bear a hand, befit,… …   Moby Thesaurus

  • benefit — I. n. 1. Favor, service, act of kindness, good turn, kind office. 2. Advantage, profit, avail, gain, good, utility, behalf, behoof, account, interest. II. v. a. 1. Befriend, help, serve, do good to, be useful to, advance the interest of, confer a …   New dictionary of synonyms

  • fringe benefit — noun A benefit received in addition to the normal benefits of holding a job, or, by extension, any relationship to the source of the benefit. Syn: employee benefit, benefit, in kind …   Wiktionary

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