redundancy paymentnoun [ C ]
uk/rɪˈdʌn.dən.si ˌpeɪ.mənt/us/rɪˈdʌn.dən.si ˌpeɪ.mənt/UKmoney that a company pays to workers who have lost their jobs because they are no longer needed
Thesaurus: synonyms and related words
Grants & allowances
- all expenses paid idiom
- allowance
- benefit
- bursary
- civil list
- cost-of-living allowance
- dearness allowance
- endowment
- expense account
- featherbed
- freeship
- fringe benefit
- housekeeping
- scholarship
- stabilizer
- subsidize
- subsidy
- travel expenses
- unemployment
- unemployment benefit
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Retiring & resigning