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a benefit in-kind

 

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A Benefit In-Kind

Definition: A benefit in-kind refers to non-monetary compensation provided to an individual or entity in the form of goods, services, or amenities.

Sense 1: Generally, a benefit in-kind is a non-cash reward or benefit given to employees instead of monetary compensation. It can include things like company cars, healthcare plans, or housing allowances.

Example Sentence 1: The company offered a benefit in-kind to its top-performing employees in the form of a fully paid vacation package.

Sense 2: In the context of government assistance programs, a benefit in-kind refers to goods or services provided directly to individuals or communities, such as food stamps or housing assistance.

Example Sentence 2: Low-income families receive a benefit in-kind through the government's program, which grants them access to subsidized housing.

Sense 3: Locally, a benefit in-kind can refer to community-driven actions where individuals or groups provide goods or services directly to those in need.

Example Sentence 3: The local charity organized a benefit in-kind event, where volunteers offered free haircuts and meals to the homeless population.

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