The term "baby bonus" refers to a financial benefit given to parents for having a child. Synonyms for this term include "child allowance," "family supplement," and "child benefit." In some countries, this payment is known as "family tax benefit," "family allowance," or "child support payment." The intention behind this financial support is to help parents with the costs of raising children and to encourage families to have more kids. While the name or terminology may differ between countries, the basic concept of providing financial assistance to families with children remains the same.