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severance
[sev-er-uhns, sev-ruhns]
noun
a breaking off, as of a friendship.
Law., a division into parts, as of liabilities or provisions; removal of a part from the whole.
severance
/ ˈsɛvərəns /
noun
the act of severing or state of being severed
a separation
law the division into separate parts of a joint estate, contract, etc
Other Word Forms
- nonseverance noun
Word History and Origins
Origin of severance1
Example Sentences
The new charges include the separation of the Curry Brand, further contract terminations and additional employee severance and benefits costs, the company said.
“If you want to leave service in the near future, please do not hesitate to do so, with NO payment or severance of any kind.”
Under the terms of his 12-month severance package from when he was sacked last December, O'Neil is still being paid by the club.
The company said it incurred a net loss of $235 million due to severance and other transaction costs related to its acquisition of Hess.
Such programs typically attempt to entice employees to retire by offering them a severance package.
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