severance pay, n meanings, etymology and more

severance pay SEVERANCE definition: 1 money paid by an employer to an employee whose job the employer has had to bring to an end: 2… Learn more

Severance pay is the amount a company pays to its employees after completion of employment It is optional and not mandatory for the employer unless it is  severance Severance pay is a lump sum that an employer might offer to employees who are terminated from their jobs, which may be due to a layoff or by