Meaning of “benefit” - Learner’s Dictionary

benefit

noun [ C, U ] uk us /ˈbenɪfɪt/
ADVANTAGE

B1 something that helps you or gives you an advantage:

I've had the benefit of a happy childhood.
GOVERNMENT UK

money that the government gives to people who are sick, poor, not working, etc:

unemployment benefit
for sb's benefit

in order to help someone:

We bought the piano for the children's benefit.

(Definition of “benefit noun” from the Cambridge Learner’s Dictionary © Cambridge University Press)