severance

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sev·er·ance

 (sĕv′ər-əns, sĕv′rəns)
n.
1.
a. The act or process of severing.
b. The condition of being severed.
2. Separation; partition.
3. Severance pay.

severance

(ˈsɛvərəns)
n
1. the act of severing or state of being severed
2. a separation
3. (Law) law the division into separate parts of a joint estate, contract, etc

sev•er•ance

(ˈsɛv ər əns, ˈsɛv rəns)

n.
1. the act of severing or the state of being severed.
2. a breaking off, as of a friendship.
3. Law. a division of liabilities, provisions, etc., into parts; removal of a part from the whole.
4. Also called sev′erance pay`. money, exclusive of wages, etc., paid to an employee who is dismissed for reasons beyond the employee's control.
[1375–1425; < Anglo-French; see sever, -ance]

severance

1. the act or process of severing or separating.
2. the state or condition of being severed or separated, as in the ending of a relationship.
See also: Separation
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.severance - a personal or social separation (as between opposing factions)severance - a personal or social separation (as between opposing factions); "they hoped to avoid a break in relations"
schism - the formal separation of a church into two churches or the withdrawal of one group over doctrinal differences
breakup, separation, detachment - coming apart
2.severance - the act of severing
cutting, cut - the act of cutting something into parts; "his cuts were skillful"; "his cutting of the cake made a terrible mess"

severance

noun
The act or an instance of separating one thing from another:
Translations
قَطْع ، فَصْل، فَصْم
amputacepřerušení
adskillelse
ero
elvágás
skilnaîur
loslossnijdenontslagvergoedingscheidingzijn

severance

[ˈsevərəns]
A. Nruptura f (Ind) → despido m
B. CPD severance pay Nindemnización f por despido

severance

[ˈsɛvərəns] n [relations] → rupture fseverance package nindemnités fpl de départseverance pay nindemnité f de licenciement

severance

n
(= cutting through)Durchtrennen nt; (violently) → Durchschlagen nt; (= cutting off)Abtrennen nt; (violently) → Abschlagen nt; (fig: = breaking off) (of ties)Lösen nt; (of relations, links, friendship)Abbruch m; (of communications)Unterbrechung f
(also severance package, Econ) → Abfindung f, → Abfindungspaket nt

severance

[ˈsɛvərns] n (frm) (of relations) → rottura

sever

(ˈsevə) verb
1. to put an end to. He severed relations with his family.
2. to cut or break off. His arm was severed in the accident.
ˈseverance noun
References in periodicals archive ?
Costs pursuant to an ongoing benefit arrangement or contractual termination benefit are recognized when it is probable that the event specified to trigger the termination will occur and the amount is reasonably estimable.
To calculate the value of any termination benefit from share-based payments, (140) we used the details in Table 3, (141) along with share prices of the sample companies at the date of grant and on 1 March 2006, to arrive at a figure for such payments.
From a design standpoint, we believe that plan designs that allow participants to make class year distribution elections for retirement and termination benefit payments will become more prevalent.
The entity notifies the employees that they will be terminated in 90 days, and each employee will receive a cash payment of $6,000 as a termination benefit (which will be paid at the date an employee ceases rendering service during the 90-day period).
The Boyett court viewed only one component of the retirement benefit, the termination benefit, and ruled that it alone was an accurate measure of what was earned.
Therefore, employers should be forewarned that any "make-up" type of termination benefit plan established within this 12-month period will be subject to FICA when paid.
The incremental voluntary termination benefits (the excess of the voluntary termination benefit amount over the involuntary termination benefit amount, that is, the special termination benefits), if applicable, should be recorded only "when the employees accept the offer," in accordance with SFAS 88, Employers' Accounting for Settlements and Curtailments of Defined Benefit Pension Plans and for Termination Benefits (SFAS 146, par.
As an exception to the general recognition and measurement requirements discussed above, the effects of a termination benefit on an employer's obligations for defined benefit pension or other postemployment benefits should be accounted for and reported under the requirements of Statement No.
15) Subsidized benefits are extra benefits paid in addition to the termination benefit amount.
EMPLOYEE TERMINATION BENEFIT PLAN BEYOND THE MINIMUM RETENTION PERIOD
A liability for the incremental voluntary termination benefits (the excess of the voluntary termination benefit amount over the involuntary termination benefit amount) shall be recognized in accordance with FASB Statement No, 88, Employers' Accounting for Settlements and Curtailments of Defined Benefit Pension Plans and for Termination Benefits.