Русско-англо-русский юридический словарь

Severance taxes are incurred when non-renewable natural resources are extracted (or severed) within a taxing jurisdiction. Resources that typically incur severance taxes when extracted are oil, natural gas, coal, uranium, and timber. Some jurisdictions use other terms like gross production tax. (Wikipedia)

A severance pay is the compensation that an employer provides to an employee who has been laid off, whose job has been eliminated, who through mutual agreement has decided to leave the company, or who has parted ways with the company for other reasons. (Investopedia)

• She said the brothers would not receive additional severance for resigning from the board.

• Approximately 1,700 employees who work at seven Emporiums that are being liquidated are eligible for severance. (Longman Dictionary of Contemporary English)

The severance of diplomatic relations in December was provoked by a number of tensions, some new and some longstanding. (The New York Times)