floating holiday

[ floh-ting hol-i-dey ]

noun

1. 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.

Word History and Origins

Origin of floating holiday¹

First recorded in 1950–55