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severance Definition

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severance
noun(sev-er-ance)
the act or process of severing : the state of being severed
severance
noun(sev-er-ance)
an allowance usually based on length of service that is payable to an employee on termination of employment
severance
noun(sev-er-ance)
a tax levied by a state on the extractor of oil, gas, or minerals intended for consumption in other states
severance
noun(sev-er-ance)
money and other benefits given when employment is ended

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