Definition of severance pay in English:

Share this entry

severance pay


An amount paid to an employee on the early termination of a contract.
Example sentences
  • The decree stipulates that the severance pay for a worker depends on their working period.
  • I would take it easy for a few months and go scuba diving and windsurfing courtesy of my severance pay.
  • The severance pay would be worked out according to the number of years a worker had been with the company.

For editors and proofreaders

Line breaks: sev¦er|ance pay

Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.