severance payment
severance payment · severance payments
Money that an employer pays to an employee when the employee leaves the company in…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.
Meaning
1 sensesMoney 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.
Forms
plural: severance payments| Singular | severance payment |
|---|---|
| Plural | severance payments |
regular