splitbenefit
nounUK /ˈsplɪtˌbɛnɪfɪt/
US /ˈsplɪtˌbɛnəfɪt/
A split benefit is when something good is shared between two or more people.
The two friends agreed on a splitbenefit so they both got half of the prize money.
RELATED WORDS
OTHER MEANINGS
2. A financial arrangement where profits are divided among partners.
The company's splitbenefit plan gave each investor a fair share of the earnings.
3. A situation where two groups each get part of an advantage.
The splitbenefit of the new park meant both neighborhoods had a place to play.
4. A deal in which costs and rewards are shared equally.
They signed a splitbenefit agreement to share the rent and the extra space.