severance

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sev|er|ance /s'evərəns/
1 [N-UNCOUNT]
Severance from a person or group, or the severance of a connection, involves the ending of a relationship or connection. (FORMAL)
...his bitter sense of severance from his family.
...the complete severance of diplomatic relations.
2 [ADJ] ADJ n
Severance pay is a sum of money that a company gives to its employees when it has to stop employing them. (BUSINESS)
We were offered 13 weeks' severance pay.

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