Definition of severance pay in English:

Share this entry

severance pay

noun

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.
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.