Severance pay is a payment made by the employer when the employee is separated from the job. severance pay was not used to determine a workerâs eligibility for unemployment benefits. benefits. payable in the weeks to which the severance payment is allocated or distributed.
forensic accounting. Definition. A method of accounting that deals with financial procedures that have been challenged or charged as illegal. One example of forensic accounting is examining insurance fraud claims. Related Terms.
Princeton's WordNet(3.00 / 1 vote)Rate this definition: 1  forensic(adj) of, relating to, or used in public debate or argument. 2  forensic(adj) used or applied in the investigation and establishment of facts or evidence in a court of law.