sev·er·ance

[sev-er-uhns, sev-ruhns]
noun
1.
the act of severing or the state of being severed.
2.
a breaking off, as of a friendship.
3.
Law. a division into parts, as of liabilities or provisions; removal of a part from the whole.

Origin:
1375–1425; late Middle English severaunce < Anglo-French; see sever, -ance

non·sev·er·ance, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source Link To severance
00:10
Severance is always a great word to know.
So is interrobang. Does it mean:
a printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question.
a scrap or morsel of food left at a meal.
Collins
World English Dictionary
severance (ˈsɛvərəns) [Click for IPA pronunciation guide]
 
n
1.  the act of severing or state of being severed
2.  a separation
3.  law the division into separate parts of a joint estate, contract, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

severance
1422, from Anglo-Fr., from O.Fr. sevrance, from sevrer (see sever). Meaning "discharge from employment contract" is attested from 1941.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Finally shareholders are becoming incensed by these reprehensible bonuses and
  severance packages.
His ideas include giving shareholders binding votes on the pay, perks and
  severance packages handed out by companies.
Too generous severance had blurred his motivation in the months when it would
  have mattered.
The government is casting a beady eye over severance terms and early retirement
  in the civil service.
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