die Abfindung
Translation
severance pay, compensation, settlement
Examples
Er erhielt eine hohe Abfindung.
He received a high severance payment.
Sie einigten sich auf eine Abfindung.
They agreed on a settlement.
Grammar Patterns
to receive a settlement ((for sth.)) eine Abfindung für etwas erhalten He received a settlement for the loss of his job.
to pay ((sb.)) a severance package ((j-m)) eine Abfindung zahlen The company paid him a generous severance package.
Similar Words
Synonyms: die Entschädigung (compensation), der Ausgleich (settlement)
Etymology
From 'ab-' (off, away) + 'finden' (to find). Literally, something 'found' to settle a matter and part ways.
Memory Tips
Think of 'finding' a final sum of money to end a contract or dispute.