welfare. 1. Well-being in any respect; prosperity. general welfare.The public’s health, peace, morals, and safety.

public welfare.A society’s well-being in matters of health, safety, order, morality, economics, and politics.

2. A system of social insurance providing assistance to those who are financially in need, as by providing food stamps and family allowances. — Also termed (historically) poor relief. [Cases: Agriculture  2.6; Social Security and Public Welfare  4. C.J.S. Agriculture §§ 27–29; Social Security and Public Welfare§§ 6, 10, 17.]

corporate welfare.Governmental financial assistance given to a large company, usu. in the form of a subsidy.
[Blacks Law 8th]