A "severance check" is money that a company pays you when you lose your job, typically due to layoffs or the company closing down. It's meant to help you financially during the transition between jobs. Full definition
When a nurse loses a patient it stays with her forever; but for the CEOs, who make life and death decisions with the stroke of a pen, it only lasts until their million dollar severance check arrives in the mail. (readme.readmedia.com)
But with my established passive income stream of roughly $ 7,000 a month and a seven figure / a high six figure severance check, I had little pressure to try and monetize this site. (financialsamurai.com)
What I did: After receiving a lump sum severance check after my three month WARN Act pay was over, I took my friends out to dinner and celebrated! (financialsamurai.com)