Home > Terms > English, UK (UE) > Severance pay

Severance pay

A payment offered by some employers to terminated employees (usually those who are terminated through no fault of their own) that is designed to tide them over until new employment is secured.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Accounting
  • Category: Payroll
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Government Category: Gun control

National Rifle Association (NRA)

The National Rifle Association (NRA) is an American organisation that advocates for protection of the Second Amendment of the United States Bill of ...

Contributor

Featured blossaries

Truly Filipino

Category: Other   1 21 Terms

Asian Banker Publications

Category: Business   1 13 Terms