[vey-key-shuhn, vuh-]
a period of suspension of work, study, or other activity, usually used for rest, recreation, or travel; recess or holiday: Schoolchildren are on vacation now.
a part of the year, regularly set aside, when normal activities of law courts, legislatures, etc., are suspended.
freedom or release from duty, business, or activity.
an act or instance of vacating.
verb (used without object)
to take or have a vacation: to vacation in the Caribbean.

1350–1400; < Latin vacātiōn- (stem of vacātiō freedom from something; see vacate, -ion); replacing Middle English vacacioun < Anglo-French

vacationer, vacationist, noun
vacationless, adjective
minivacation, noun
prevacation, noun, adjective

vacation, vocation. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
vacation (vəˈkeɪʃən)
1.  chiefly (Brit) a period of the year when the law courts or universities are closed
2.  chiefly (US), (Canadian) Also called (in Britain and certain other countries) holiday a period in which a break is taken from work or studies for rest, travel, or recreation
3.  the act of departing from or abandoning property, etc
4.  (US), (Canadian) (intr) to take a vacation; holiday
[C14: from Latin vacātiō freedom, from vacāre to be empty]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

late 14c., "freedom or release" (from some activity or occupation), from O.Fr. vacation, from L. vacationem (nom. vacatio) "leisure, a being free from duty," from vacare "be empty, free, or at leisure" (see vain). Meaning "formal suspension of activity" (in ref. to schools,
courts, etc.) is recorded from c.1456. As the U.S. equivalent of what in Britain is called a "holiday," it is attested from 1878.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
If you work for a retail department store, you do not have the right for sick
  leave, and vacation time is a big joke.
The venture is no working vacation for environmental advocates.
IN the heart of the winter, many homeowners may be romanticizing about a
  vacation home in warmer climes.
One of our favorite techniques for handling those last ten days before school
  starts is to go on a short beach vacation.
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