severance pay English

Meaning severance pay meaning

What does severance pay mean?

— money paid to employee as compensation

What other words have the same or similar meaning as severance pay?

severance payment termination pay terminal wage separation pay redundancy pay layoff pay dismissal pay termination benefit severance wage severance package severance compensation severance allowance separation payment separation indemnity separation allowance retirement payment retirement pay redundancy payment lay-off pay dismissal wage dismissal payment dismissal allowance compensation for removal

severance | pay