See Also: mutuary(dictionary)
MUTUARY, contracts(law)
severance(dictionary)
Severance Pay(law)
Severance Pay(money)
severance(dictionary)
Severance(money)
Severance(finance)
SEVERANCE, estates(law)
SUMMONS AND SEVERANCE(law)

Severance Pay (money) and mutuary (iou)


Severance Pay (money)


Definition: Payment made to an employee upon termination.







mutuary (iou)



mutuary noun. M19.
[Latin mutuarius, from mutuus borrowed: see MUTUAL, -ARY1.]
Law. A borrower of a thing which is to be consumed and therefore to be returned in kind.