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Meaning of severance payment | Babel Free

Noun CEFR B2

Definitions

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.

Examples

“And it gets worse. Barcelona will have to pay even more if he is fired in the interim. Last week, TV3 reported that a high severance payment - amounting to a total of about 12m euros - is on the table.”

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

severance tax Severances severation severe severe acute respiratory syndrome severe clear