Comparative law notes
This American phrase has largely the same meaning as the more British "redundancy payment".
There are multiple definitions - click on the translation that matches your context.
severance pay means:
Regelabfindung means:
Substantiv
partial
noun
This American phrase has largely the same meaning as the more British "redundancy payment".
money paid to employees when they have to leave work because they are no longer needed or wanted
Bank of America offered to extend loans to pay severance pay and holiday pay to workers conducting a sit-in at an Illinois factory.