pink slip

/P IH1 NG K S L IH1 P/
noun
  1. 1

    (metonym) Notice of termination of employment.

  2. 2

    The title for an automobile.

  3. 3

    (New South Wales) An automobile roadworthiness inspection certificate.

Synonyms

verb
  1. 1

    To terminate the employment of.

Source: https://en.wiktionary.org/wiki/pink%20slip