flexdollar

English

Etymology

Short for flexible dollar.

Noun

flexdollar (plural flexdollars)

1. (US, finance, usually in the plural) An amount of money, paid by an employer to an employee, that can be spent on any of various benefits.
   • 1982, Pension World, volume 18, page 89:

     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 May, Kiplinger's Personal Finance, volume 36, number 5, page 51:

     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 year, until needed.

   • 1985, Human Resource Management News, page 202:

     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.