"severance payment" meaning in English

{
  "forms": [
    {
      "form": "severance payments",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "severance payment (plural severance payments)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with 1 entry",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with entries",
          "parents": [],
          "source": "w"
        }
      ],
      "examples": [
        {
          "ref": "2021 September 22, Guillem Balagué, “Barcelona: The toxic battle ripping apart a European giant”, in BBC Sport:",
          "text": "And it gets worse. Barcelona will have to pay even more if he is fired in the interim. Last week, TV3 reported that a high severance payment - amounting to a total of about 12m euros - is on the table.",
          "type": "quote"
        }
      ],
      "glosses": [
        "Money that an employer pays to an employee when the employee leaves the company in case of layoffs, often in exchange for some kind of waiver."
      ],
      "id": "en-severance_payment-en-noun-h-CyGdod",
      "links": [
        [
          "Money",
          "money"
        ],
        [
          "employer",
          "employer"
        ],
        [
          "employee",
          "employee"
        ],
        [
          "layoff",
          "layoff"
        ],
        [
          "waiver",
          "waiver"
        ]
      ],
      "synonyms": [
        {
          "word": "severance pay"
        },
        {
          "word": "severance"
        }
      ],
      "wikipedia": [
        "Severance package"
      ]
    }
  ],
  "word": "severance payment"
}

{
  "forms": [
    {
      "form": "severance payments",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "severance payment (plural severance payments)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with quotations",
        "Pages with 1 entry",
        "Pages with entries"
      ],
      "examples": [
        {
          "ref": "2021 September 22, Guillem Balagué, “Barcelona: The toxic battle ripping apart a European giant”, in BBC Sport:",
          "text": "And it gets worse. Barcelona will have to pay even more if he is fired in the interim. Last week, TV3 reported that a high severance payment - amounting to a total of about 12m euros - is on the table.",
          "type": "quote"
        }
      ],
      "glosses": [
        "Money that an employer pays to an employee when the employee leaves the company in case of layoffs, often in exchange for some kind of waiver."
      ],
      "links": [
        [
          "Money",
          "money"
        ],
        [
          "employer",
          "employer"
        ],
        [
          "employee",
          "employee"
        ],
        [
          "layoff",
          "layoff"
        ],
        [
          "waiver",
          "waiver"
        ]
      ],
      "wikipedia": [
        "Severance package"
      ]
    }
  ],
  "synonyms": [
    {
      "word": "severance pay"
    },
    {
      "word": "severance"
    }
  ],
  "word": "severance payment"
}