fringe benefit

American  

noun

1. any of various benefits, as free life or health insurance, paid holidays, a pension, etc., received by an employee in addition to regular pay.

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fringe benefit British  

noun

1. an incidental or additional advantage, esp a benefit provided by an employer to supplement an employee's regular pay, such as a pension, company car, luncheon vouchers, etc

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fringe benefit Cultural  

1. A payment to a worker in addition to salary or wages. It may take the form of cash, goods, or services, and may include such items as health insurance, pension plans, and paid vacations.

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Etymology

Origin of fringe benefit

First recorded in 1945–50

Related Words

• compensation package
• perk
• perquisite