Simple English definitions for legal terms
Read a random definition: 10-K
A benefit certificate is a piece of paper that promises to give someone a certain amount of money if certain things happen. It's like a special note that says "I promise to give you this much money if this happens." These notes are often given out by groups that help people, like clubs or organizations.
A benefit certificate is a written promise to pay a certain amount of money to a specific person under certain conditions. These certificates are usually issued by fraternal and beneficial societies.
These examples illustrate how benefit certificates work. They are a way for societies to provide financial assistance to their members in times of need.