Meaning of the word "severance pay" in English
What does "severance pay" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
severance pay
US /ˈsev.ər.əns peɪ/
UK /ˈsev.ər.əns peɪ/
Noun
money paid by an employer to an employee whose job the employer has had to bring to an end
Example:
•
The company offered him a generous severance pay package after ten years of service.
•
He is entitled to three months' severance pay.