- 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. www.practicallaw.com. 2010.
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 … Financial and business terms
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 — 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
in kind — 1) payments, benefits etc in kind are in the form of goods or services instead of money A car is a benefit in kind. Many companies have donated gifts in kind. 2) respond in kind to behave to someone in the same way that they have behaved to you… … English dictionary
benefits in kind — income from employment is taxed under Schedule E and includes not only wages and salaries but also perquisites , that is, benefits in kind as opposed to payment in money. At the time of writing, relevant employees are charged on the basis of the… … Law dictionary
payment in kind — A payment that is not made in cash but in goods or services. It is often in the form of a discount or an allowance, e. g. cheap fares for British Airways employees, staff prices for food at supermarkets, etc. Now regarded as a bonus or fringe… … Big dictionary of business and management
Monetization of U.S. in-kind food aid — is the sale of food commodities purchased in and shipped from the United States and sold for local currency in a recipient country by cooperating sponsors , which are typically U.S. based non governmental organizations (NGOs) or recipient… … Wikipedia
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 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