A surname.

plural of Severa

(law) The sole ownership of property by someone.

(US) A state tax on the extraction of nonrenewable natural resources (such as minerals, petroleum, or natural gas) that will be used in another state.

The act of severing or the state of being severed. / A separation. / A severance payment.

plural of severance

separately / (Africa) Several times, repeatedly

Money that an employer pays to an employee when the employee leaves the company in case of layoffs, often in exchange for some kind of waiver.

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

Capable of being severed. / (law, economics) Capable of being separated.