advantage

IPA: ædvˈæntɪdʒ

(countable) Any condition, circumstance, opportunity or means, particularly favorable or chance to success, or to any desired end.
(obsolete) Superiority; mastery; — used with of to specify its nature or with over to specify the other party.
(countable, uncountable) Superiority of state, or that which gives it; benefit; gain; profit
(tennis) The score where one player wins a point after deuce but needs the next to carry the game.
(soccer) The continuation of the game after a foul against the attacking team, because the attacking team are in an advantageous position.
Interest of money; increase; overplus (as the thirteenth in the baker's dozen).

Examples of "advantage" in Sentences

The company's strong financial position gave them a competitive advantage over their rivals
She took advantage of the opportunity to showcase her talent in front of a large audience
Having a flexible schedule is a major advantage of working from home
The team's speed and agility were key advantages in winning the race
Utilizing modern technology can provide a distinct advantage in today's fast-paced business world