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severance pay

SEE SYNONYMS FOR severance pay

noun

money, exclusive of wages, back pay, etc., paid to an employee who has tenure and who is dismissed because of lack of work or other reasons beyond the employee's control.

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You may have read the word "simmer" in a recipe or two, but what does it really mean?
To cook in water that begins cold and then reaches a boil.
To stew in a sauce for a long time.
To cook in water, just below boiling temperature.
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Origin of severance pay

First recorded in 1940–45

Words nearby severance pay

several, severalfold, severally, severalty, severance, severance pay, severance tax, severe, severe acute respiratory syndrome, severe combined immune deficiency, severe combined immunodeficiency
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Words related to severance pay

golden parachute

British Dictionary definitions for severance pay

severance pay

noun

compensation paid by an organization to an employee who leaves because, through no fault of his own, the job to which he was appointed ceases to exist, as during rationalization, and no comparable job is available to him
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