vacation
Quick Summary
A vacation is a period spent away from home or business for travel or recreation. It can also refer to a scheduled suspension of activity, such as for a court or school, or a period of exemption from work granted to an employee. The term "vacation" originates from the Latin word "vacatio," meaning "exemption from service" or "respite from work". People often plan and budget for vacations, especially summer travel, to minimize post-trip debt. This involves estimating costs, setting savings goals, and automating transfers to a separate savings account.12
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