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in the PONS Dictionary

I. sev·er·ance [ˈsevərən(t)s] N no pl form

1. severance (act of ending):

severance of
Abbruch m <-s, -brü·che> +gen
the severance of aid [to sb/sth]

2. severance (separation):

severance
Trennung f <-, -en>

3. severance (payment by employer):

severance
Abfindung f <-, -en>

4. severance LAW (ending of tenancy):

5. severance (ending of employment):

severance
Entlassung f <-, -en>

II. sev·er·ance [ˈsevərən(t)s] N modifier

severance

ˈsev·er·ance agree·ment N LAW

severance agreement
Aufhebungsvertrag m <-(e)s, -träge>

ˈsev·er·ance pay N no pl

severance pay
Abfindung f <-, -en>
severance pay

ˈsev·er·ance pay·ment N ADMIN

severance payment
Abfindung f <-, -en>

severance agreement N ECON LAW

severance payment N HUM RESOURCES

severance payment