severance pay

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English[edit]

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Noun[edit]

severance pay (uncountable)

  1. Money paid as compensation to someone whose employment is ended, often in exchange of waiver.
    • 2008, Tom Clark, The Guardian, G2, 15 Jan 2008, p. 3:
      The only case for severance pay on top is that fortunes in public life are so uncertain that some MPs might be discouraged from seeking office if there weren’t any cushion.

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