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The young man knows the rules, but the old man knows the exceptions.
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Legal Definitions - pecuniary benefit
The difference between ordinary and extraordinary is practice.
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Definition of pecuniary benefit
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.
You win some, you lose some, and some you just bill by the hour.
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Simple Definition
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.
Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.
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