Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “severance”

severance

noun [U]
 
 
/ˈsevərəns/ HR, LAW
the official ending of an agreement, especially between an employer and employee: He is entitled to $40,000 in severance pay. The union negotiated severance agreements for all staff made redundant. severance benefits/compensation/payments
payment received by an employee when their employment is ended by the management: Workers with less than 6 months employment did not receive any severance.
(Definition of severance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of severance?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “severance”

Definitions of “severance” in other dictionaries

Word of the Day

give the green light to sth

to give permission for someone to do something or for something to happen

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More