Discontinuance wages refer to the payment made to employees who have been laid off or terminated from their jobs. There are several synonyms for discontinuance wages such as severance pay, termination pay, redundancy pay, or final settlement. Severance pay is typically a lump-sum payment given to an employee who has been let go, often due to downsizing or restructuring. Termination pay is a similar type of compensation given to an employee who is let go without cause. Redundancy pay is compensation given to employees who are laid off due to no fault of their own, such as due to the closure of a business. Finally, final settlement is an all-encompassing term for any payment made to an employee upon the end of their employment.