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Simple English definitions for legal terms
benefit association
Read a random definition: negotiated offering
A quick definition of benefit association:
A benefit association is a group of people who come together to do good things for others. They are not a separate legal entity, but they work together to help others in need. They are also called benevolent associations or fraternal societies. They do not make money, but they use their time and resources to help others.
A more thorough explanation:
A benefit association is a type of unincorporated, nonprofit organization that has a philanthropic or charitable purpose. It is also known as a benevolent association, beneficial association, benevolent society, fraternal society, or friendly society.
For example, a benefit association may be formed to provide financial assistance, medical care, or other benefits to its members or their families in times of need. These associations are often formed by groups of people who share a common interest or profession, such as firefighters, police officers, or teachers.
Benefit associations are different from other types of associations, such as trade associations or professional associations, which are formed for mutual protection, the interchange of ideas and statistics, and the establishment and maintenance of industry standards.