floating holiday

[ floh-ting hol-i-dey ]

Phonetic (Standard)IPA

noun

a day off with pay, usually one of a certain number allotted annually by the employer, that can be taken by an employee on a day of their choice in addition to or in lieu of any of the standard paid public holidays:
He used one of his floating holidays to take the day off for Eid.
We provide sick time, vacation time, floating holidays, and several paid holidays.

First recorded in 1950–55

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