benefitcap
nounUK /ˈbɛnɪfɪt kæp/
US /ˈbɛnəfɪt kæp/
A benefit cap is a limit on how much money someone can get from the government.
The benefit cap means families cannot receive more than a set amount each month.
RELATED WORDS
OTHER MEANINGS
2. A maximum amount of money that can be paid out under an insurance or employee benefit plan.
The benefit cap on dental care is five hundred dollars per year.
3. A rule that stops total state support from going above a fixed level.
After the benefit cap was introduced, some households had their housing payments reduced.
4. Any upper limit placed on the advantages or perks a person can receive.
The company set a benefit cap on travel expenses for each trip.