a sum of money given by an employer to an employee who has been made redundant: usually calculated on the basis of the employee's rate of pay and length of service
Examples of 'redundancy money' in a sentence
redundancy money
He is the only former executive to have paid back the redundancy money.
Times, Sunday Times (2014)
His father decides to use his redundancy money for a round-the-world boat trip.
Times, Sunday Times (2007)
It was partly savings, partly a bit of redundancy money.
Times, Sunday Times (2006)
Part of the lost pay will be made up in redundancy money.
Times, Sunday Times (2008)
Staff received no redundancy money when the company was liquidated in 2004.
The Sun (2007)
The redundancy money did not count for anything.
Times, Sunday Times (2013)
He received only 990 in redundancy money, most of which went on buying business insurance.
Times, Sunday Times (2009)
I am especially sorry for the many people who invested all of their redundancy money on the training.
Times, Sunday Times (2010)
Ministers said that staff might receive a 'bonus' payment over and above the legal redundancy money.
Times, Sunday Times (2012)
He is on an agency contract, which means that he gets no redundancy money entitlement, nor any sick pay or holiday pay.