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What does Benelux mean?

Looking for the meaning or definition of the word Benelux? Here's what it means.

Proper noun
  1. An economic and customs union made up of Belgium, the Netherlands and Luxembourg; one of the precursors of the European Union; the countries which constitute(d) this union.
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Examples
There were therefore currently no plans to establish a mechanism for monitoring the lawfulness of assisted suicide, as in the Benelux countries.
Retie has a central location in the Benelux and lies directly along the E34 highway from Antwerp to Eindhoven.
Fortis, a Belgo-Dutch bank overstretched by its role in acquiring ABN AMRO, is now part-owned by the Benelux governments.
Simar enjoys a strong position as the leading distributor of the Fusion product in the Benelux.
Panalpina uses the port of Antwerp as a strategic LCL hub for consignments from the Benelux, France and Switzerland.
Infamously, the Benelux nations have more IMF voting rights than China at the moment.

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