severance
[ˈsɛv.ɜː(ɹ)n̩s]
A severance package is money or benefits that a company gives someone when they leave their job. This usually happens if the person loses their job through no fault of their own.
When a company has to let someone go, they might offer them a severance package as a way of saying thank you for your service and helping you move on with your life. It's not always mandatory, but some companies do this to soften the blow of losing a valued employee. The package can include things like pay continuation for a certain number of months or years, career counseling, or even outplacement services to help the person find a new job.
How common is "severance"?
Word severance is considered rare in modern English.
It has a balanced usage among all categories: speech, fiction, newspapers and academic texts.
It has a balanced usage among all categories: speech, fiction, newspapers and academic texts.
Definitions
noun
The act of severing or the state of being severed.
separationseverance payseverance payment
Real examples of "severance" in context
