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comp time

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comp time

–noun
time off from work, granted to an employee in lieu of overtime pay.

Origin:
comp(ensatory) time
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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comp time  
n.   Informal
Compensatory time.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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