severance
separation / termination pay / cutting / disconnection
Noun
This term conveys a sense of finality and abruptness, whether applied to a physical object, a legal contract, or a social bond. It suggests a clean break rather than a gradual fading or a negotiated transition, often carrying a clinical or formal tone. In a corporate context, the word is almost exclusively associated with the financial compensation provided during termination. While the act of being let go is the "severing" of the employment tie, the "severance" itself usually refers to the payment package provided to the departing employee.
Meanings
Noun
The act of ending a connection, relationship, or tie between two parties or entities.
"The sudden severance of diplomatic ties between the two nations led to a trade crisis."