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severance
/ˈsɛvərəns/
US
UK
noun
[singular] formal
the act of ending someone's employment
a
severance
of
employment
usually used before another noun
severance
pay
[=
money
given
to
someone
who
has
been
fired
or
laid
off
from
a
job
]
She
received
a
good
severance
package
[=
money
and
other
benefits
given
when
employment
is
ended
]
when
she
was
laid
off
.
the act of ending a relationship, connection, etc. - usually + of
a
severance
of
diplomatic
relations