Tuesday, 16 March 2010

severance package

(mostly bus.) NOUN -- pay and benefits that are given to one who has been laid off or let go.

Example: "Thabiso was awarded a severance package of close to almost €10m."
In the news: money.cnn.com and rediff.com
Dictionary: severance pay
Previous quiz: week-010310

Link to this idiom:
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