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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of severance

More Business English definitions for “severance”

Definitions of “severance” in other dictionaries

Word of the Day

closeness

the quality of knowing someone very well, liking them a lot, and wanting to spend a lot of time together

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More