Meanings
plural severance payments
- Money that an employer pays to an employee when the employee leaves the company in case of layoffs, often in exchange for some kind of waiver.
And it gets worse. Barcelona will have to pay even more if he is fired in the interim. Last week, TV3 reported that a high severance payment - amounting to a total of about 12m euros - is on the table.
2021 September 22, Guillem Balagué, “Barcelona: The toxic battle ripping apart a European giant”, in BBC SportSynonyms: severance pay, severance
Synonyms & antonyms
nounMoney that an employer pays to an employee when the employee leaves the company in case of layoffs, often in exchange for some kind of waiver.
Cite this entry
severance payment. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/severance%20payment
“severance payment.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/severance%20payment. Accessed November 3, 2026.
WatkinsX Dictionary, s.v. “severance payment,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/severance%20payment.
Source: severance payment on Wiktionary, CC BY-SA 4.0.