Pink slip

The phrase "pink slip" can refer to two distinct meanings: 1. In the context of employment: A pink slip refers to a notice of termination or dismissal given to an employee. It is a document typically issued by an employer to inform an employee that their services are no longer required. The term "pink slip" originated from colored slips of paper, often pink, which were traditionally used to provide notice of termination. 2. In the context of vehicle ownership: A pink slip is a certificate of title that proves ownership of a vehicle. It is an official document issued by a state's Department of Motor Vehicles (DMV) or equivalent authority, and it contains important information about the vehicle, such as its make, model, year, and any liens or encumbrances on it. The term "pink slip" is derived from the color of the paper used for many traditional vehicle title certificates.