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dismissal (n.)

"act of dismissing; state or fact of being dismissed," by 1795, formed on model of refusal, etc., from dismiss + -al (2); replacing earlier dismission (1540s); dismissing (late 15c.).

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Definitions of dismissal from WordNet

dismissal (n.)
a judgment disposing of the matter without a trial;
Synonyms: judgment of dismissal / judgement of dismissal
dismissal (n.)
official notice that you have been fired from your job;
Synonyms: dismission / pink slip
dismissal (n.)
permission to go; the sending away of someone;
dismissal (n.)
the termination of someone's employment (leaving them free to depart);
Synonyms: dismission / discharge / firing / liberation / release / sack / sacking
From wordnet.princeton.edu