flexdollar

Noun

1. An amount of money, paid by an employer to an employee, that can be spent on any of various benefits.
   • The difference in value between the pre-flexible benefit plan and the core plan was returned to each participating employee as an individually determined flexdollar allowance. - 1982, Pension World, volume 18, page 89:
   • This option allows employees to put flexible credits — the company calls them flexdollars — into the account, to be used for medical expenses not already covered. Flexdollars can be kept in the account from year to...
   • Employees will get profit-sharing amounts in the form of "flexdollars." Those who deposit the flexdollars in the company profit-sharing plan will have the amount matched dollar—for-dollar by the company. - 1985, Human...