welfare

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Concise Oxford English Dictionary © 2008 Oxford University Press:
welfare/ˈwelfeə(r)/
noun
  • 1 the health, happiness, and fortunes of a person or group.
  • 2 action or procedure designed to promote the basic physical and material well-being of people in need.

    chiefly N. Amer. financial support given for this purpose.

– origin ME: from well1 + fare.
'welfare' also found in these Oxford entries:

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