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LSDefine
Simple English definitions for legal terms
general benefit
Read a random definition: Options Price Reporting Authority
A quick definition of general benefit:
General Benefit: This term refers to a benefit that is available to everyone, not just a specific group of people. It could be something like a park or a library that anyone can use. A general bequest is a type of gift that someone leaves in their will to a group of people or an organization, rather than to a specific person.
A more thorough explanation:
Definition: General benefit refers to a benefit that is available to a group of people or the public as a whole, rather than a specific individual or organization. It is a benefit that is not limited to a particular person or group.
Example: A public park is an example of a general benefit. It is available to everyone in the community and provides a space for people to enjoy outdoor activities, such as picnics, sports, and relaxation. Another example is a public library, which provides access to books, resources, and information to anyone who wants to use it.
These examples illustrate the definition of general benefit because they are available to the public as a whole and are not limited to a specific individual or group. They provide a benefit to the community and contribute to the overall well-being of society.