pink slip

pink slip
1) Slang for notice from an employer that one is being fired or laid off.
2) Slang for the official title certificate to a vehicle, because in some states the document is or was pink. This is the source of the phrase "racing for pinks," when the winner of a car race wins ownership of the loser's car.
Category: Employment Law & HR → Employee Rights

Nolo’s Plain-English Law Dictionary. . 2009.

pink slip
n.
   1) slang for official automobile registration certificate, due to its color in some states.
   2) slang for notice of being fired or laid off from a job.

Law dictionary. . 2013.

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