severance payments

A form of severance payment — 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.

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Meanings

noun
  1. pluralplural of severance payment
Cite this entry
APA

severance payments. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/severance%20payments

MLA

“severance payments.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/severance%20payments. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “severance payments,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/severance%20payments.

Source: severance payments on Wiktionary, CC BY-SA 4.0.