Severance

Severance refers to the act of terminating a relationship or connection, often in a legal or employment context. In the workplace, it commonly pertains to severance pay, which is compensation provided to employees when they are laid off or terminated from their jobs. This payment is intended to help the individual transition to new employment. The term can also extend to the legal dissolution of a contract or the separation of entities in various contexts. Ultimately, severance involves the idea of cutting off ties or ending an association.