tr.v. snubbed, snubÂ·bing, snubs. 1. To ignore or behave coldly toward; slight. 2. To dismiss, turn down, or frustrate the expectations of. 3. Nautical. a. To check the movement of (a rope or cable running out) by turning it quickly about a post or cleat.
Socioeconomic status. Socioeconomic status (SES) is an economic and sociological combined total measure of a person's work experience and of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.
Definition. A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated. These benefits can take the form of severance pay, a bonus, stock options, or a combination thereof.