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Furlough  
Level
Associate
'Furlough' usually means an arrangedplanned beforehand absence from work, often without pay. It might happen during a business slowdown or shutdowna situation when work is stopped. It's not really a holiday, but it's a break from work.
Context
Business
In business, 'furlough' means giving employees time off, sometimes without pay, due to financial challenges. A CEO might say, 'To manage our expensescosts required for something during this downturna decline in financial status, we must implement a furlough.'

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