redundancy payment

noun

a sum of money given by an employer to an employee who has been made redundant: usually calculated on the basis of the employee's rate of pay and length of service

Nearby words

  1. reductivism,
  2. reductor,
  3. redundance,
  4. redundancy,
  5. redundancy pay,
  6. redundant,
  7. redundantly,
  8. redupl.,
  9. reduplicate,
  10. reduplication

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012