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View synonyms for severance pay
severance pay
noun
- money, exclusive of wages, back pay, etc., paid to an employee who has tenure and who is dismissed because of lack of work or other reasons beyond the employee's control.
severance pay
noun
- compensation paid by an organization to an employee who leaves because, through no fault of his own, the job to which he was appointed ceases to exist, as during rationalization, and no comparable job is available to him
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Word History and Origins
Origin of severance pay1
First recorded in 1940–45
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Example Sentences
I searched for his severance pay on my desk, wondering who the devil had hired him in the first place.
From Project Gutenberg
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