Definition

Noun A period of time during which an employee is officially allowed to be absent from work while continuing to receive their normal salary or wages.

Usage

This term is used in the context of employment benefits and labor rights. It refers to authorized leave that is compensated. - The new contract includes three weeks of paid vacation per year. - After five years of service, employees are eligible for an additional week of paid vacation.

Advanced Usage

• Accrued paid vacation: Refers to vacation time that an employee earns over a period of work, which can be saved or "banked" for future use.
  • Her accrued paid vacation will be paid out if she leaves the company.
• Paid vacation policy: The formal rules set by a company or jurisdiction governing paid time off.
  • The paid vacation policy is outlined in the employee handbook.

Variants and Related Words

• Paid time off (PTO): A broader category that may combine vacation, sick leave, and personal days into a single bank of paid leave.
• Annual leave: A common synonym, especially in British and Commonwealth English.
• Leave with pay: A more formal or legal phrasing with the same meaning.

Synonyms

• Annual leave
• Holiday pay (in some contexts)
• Leave with pay

Antonyms

• Unpaid leave
• Leave without pay
• Furlough (when unpaid)

Related Phrases

• To take paid vacation: The action of using this benefit.
  • I plan to take my paid vacation in July.
• Paid vacation entitlement: The amount of paid vacation an employee is owed or has a right to.
  • Check your contract to understand your paid vacation entitlement.

Noun

1. a vacation from work by an employee with pay granted