What is the meaning of Severance Pay?

Compensation given to a terminated employee.

Barry Goldsmith
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APABarry Goldsmith. (2010). severance pay. Retrieved September 21, 2026, from http://smartdefine.org/severance_pay/definitions/1163403
ChicagoBarry Goldsmith. 2010. "severance pay" http://smartdefine.org/severance_pay/definitions/1163403 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, severance pay, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/severance_pay/definitions/1163403>.
MLABarry Goldsmith. "severance pay" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/severance_pay/definitions/1163403>