Noun

severance payment (plural severance payments)Category:English lemmas#SEVERANCEPAYMENTCategory:English nouns#SEVERANCEPAYMENTCategory:English countable nouns#SEVERANCEPAYMENTCategory:English multiword terms#SEVERANCEPAYMENTCategory:English entries with incorrect language header#SEVERANCEPAYMENTCategory:Pages with entries#SEVERANCE%20PAYMENTCategory:Pages with 1 entry#SEVERANCE%20PAYMENT

1. Money that an employer pays to an employee when the employee leaves the company in case of layoffs, often in exchange for some kind of waiver.
   • 2021 September 22, Guillem Balagué, “Barcelona: The toxic battle ripping apart a European giant”, in BBC Sport‎:

     And it gets worse. Barcelona will have to pay even more if he is fired in the interim. Last week, TV3 reported that a high severance payment - amounting to a total of about 12m euros - is on the table.

     Category:English terms with quotations#SEVERANCEPAYMENT