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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.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Accounting
- Category: Payroll
- Company:
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- Acronym-Abbreviation:
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