severance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “severance” in the English Dictionary

"severance" in British English

See all translations

severancenoun [U]

uk   /ˈsev.ər.əns/  us   /-ɚ-/
moneypaid by an ​employer to an ​employee whose ​job the ​employer has had to ​bring to an end: The ​management have ​offeredemployees one week's severance (​pay) for each six ​months they have ​worked at the ​company. a severance ​agreement/​deal/​package formal the ​act of ​ending a ​connection, ​relationship, etc. or of being ​separated from a ​person, ​place, etc.: The ​ministerannounced the severance ofaid to the ​country. The ​hardest thing to ​cope with was the severance from his ​family.
(Definition of severance from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"severance" in American English

See all translations

severancenoun [U]

 us   /ˈsev·ə·rəns/
moneypaid by an ​employer to an ​employeeordered to give up a ​job: a severance ​package severance ​pay The ​companyoffered severance to everyone who was ​let go.
(Definition of severance from the Cambridge Academic Content Dictionary © Cambridge University Press)

"severance" in Business English

See all translations

severancenoun [U]

uk   us   /ˈsevərəns/ HR, LAW
the ​officialending of an ​agreement, especially between an ​employer and ​employee: He is ​entitled to $40,000 in severance ​pay. The ​unionnegotiated 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

“severance” in Business English

More meanings of “severance”

Word of the Day

float

a large vehicle with a flat surface that is decorated and used in festivals

Word of the Day

PLEASE DON’T SHOUT!
PLEASE DON’T SHOUT!
by Colin McIntosh,
February 09, 2016
New words are entering the language all the time. A few of these are completely new and original coinages, but the vast majority are based on the existing stock of words in some way, for example by using affixes (prefixes and suffixes). These can have the effect of changing the meaning of the

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More