severance
/ˈsɛv.ɜː(ɹ)n̩s/ · sev.er.ance
noun
- The act of severing or the state of being severed. The severance of the power lines caused a blackout in the entire neighborhood.
- A separation. The severance of the two friends was a result of their disagreement.
- A severance payment. After being laid off, she received a generous severance payment to help her transition to a new job.
Did you know? The term 'severance' is often used in employment law to refer to the payment or benefits given to an employee upon termination of their employment, typically as a way to ease the transition to a new job.