severance pay

noun

noun

Money paid as compensation to someone whose employment is ended, often in exchange of waiver.

The only case for severance pay on top is that fortunes in public life are so uncertain that some MPs might be discouraged from seeking office if there weren’t any cushion.2008, Tom Clark, The Guardian, G2, 15 Jan 2008, p. 3:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.

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