for the benefit of

Definitions (2)

1. FBO. A statement which indicates a beneficiary for a given document.
2. A statement on an Electronic Funds Transfer which indicates a contact person for the transfer.

Use for the benefit of in a sentence

You should try and make sure that you are always doing things for the benefit of your bottom line at all times.


Jason's bank statements were repeating For The Benefit of before statements he had not been aware of, making him suspicious of fraudulent charges.


Instead of sending me a birthday check each year, my grandmother now sends me an electronic funds transfer which requires her lawyer to draft a statement showing that the EFT is for the benefit of me.


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