Definition of severance pay in English:

severance pay

Line breaks: sev¦er|ance pay


  • An amount paid to an employee on the early termination of a contract.
    More 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.

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