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From: Webster's Revised Unabridged Dictionary (1913)

 Ad·van·tage n.
 1. Any condition, circumstance, opportunity, or means, particularly favorable to success, or to any desired end; benefit; as, the enemy had the advantage of a more elevated position.
    Give me advantage of some brief discourse.   --Shak.
    The advantages of a close alliance.   --Macaulay.
 2. Superiority; mastery; -- with of or over.
    Lest Satan should get an advantage of us.   --2 Cor. ii. 11.
 3. Superiority of state, or that which gives it; benefit; gain; profit; as, the advantage of a good constitution.
 4. Interest of money; increase; overplus (as the thirteenth in the baker's dozen). [Obs.]
    And with advantage means to pay thy love.   --Shak.
 Advantage ground, vantage ground. [R.] --Clarendon.
 To have the advantage of (any one), to have a personal knowledge of one who does not have a reciprocal knowledge.  “You have the advantage of me; I don't remember ever to have had the honor.” --Sheridan.
 To take advantage of, to profit by; (often used in a bad sense) to overreach, to outwit.
 Syn: -- Advantage, Advantageous, Benefit, Beneficial.
 Usage: We speak of a thing as a benefit, or as beneficial, when it is simply productive of good; as, the benefits of early discipline; the beneficial effects of adversity. We speak of a thing as an advantage, or as advantageous, when it affords us the means of getting forward, and places us on a “vantage ground” for further effort. Hence, there is a difference between the benefits and the advantages of early education; between a beneficial and an advantageous investment of money.