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What does Severance mean?

Looking for the meaning or definition of the word Severance? Here's what it means.

Proper noun
  1. A surname​.
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Examples
The airline company explained it had run out of money and couldn't afford severance payments.
It was the highest military contact between the two sides since the severance of formal diplomatic ties.
If they could be redeployed, they would quit and not worry about severance.
When he was finally exposed and booted, Dunlap had the nerve to demand severance pay and insist that the board reprice his stock options.
He said on Wednesday that he was prepared to step down at any time to take responsibility for the severance of diplomatic ties.
Taylor believes that the severance of understanding and attunement resulted in superior understanding at least of physical nature.

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