severance
Pronunciation
/ˈsɛˌvɝəns/, /ˈsɛvɹəns/

Definition & Meaning of "severance"in English

Severance
01

the act of separating one thing from another

Grammatical Information
Animacy status
Abstract
Composition
Compound
Uncountable
02

the act of formally terminating a connection, relationship, or association

Examples
After years of partnership, the business owners decided to negotiate a severance, officially dissolving their joint venture.
03

the formal termination of a contract or agreement, particularly an employee contract

Examples
After a thorough review, the manager decided on the severance terms for the employee, taking into account their contributions and the company's needs.
04

the money or benefits given to an employee when their job ends

Examples
Upon retirement, the long-serving employee received a well-deserved severance as a token of appreciation for their years of dedication to the organization.
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