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Simple English definitions for legal terms
pecuniary benefit
Read a random definition: payback provision
A quick definition of pecuniary benefit:
A pecuniary benefit is a type of advantage or gain that can be measured in monetary terms. This means that it is something that can be valued in dollars or other currency. Examples of pecuniary benefits include profits from a sale, financial assistance from an employer or insurance, and death benefits from a life insurance policy. In legal terms, a pecuniary benefit is also known as a legal benefit or legal value.
A more thorough explanation:
Definition: A benefit that can be valued in monetary terms.
Examples:
- Salary
- Bonuses
- Stock options
- Commission
These examples illustrate pecuniary benefits because they are all forms of financial compensation that can be quantified in terms of money.