Slang term for the discharge notice that an employee receives when being terminated by his or her employer, either as the result of a firing or layoff. It is often used in the idiomatic expression, �to get a pink slip.�� The term refers to the once-common practice in the United States of placing a pink slip in with an employee�s final payment check to notify him or her of their termination.
Slang term for an automobile�s certificate of title�the legal document proving that a person or business is the owner of a vehicle. �The term refers to the color of the certificate of title that used to be common in some states, such as California. The term �racing for pinks,� which means to compete in an illegal street race for the loser�s certificate of title, also refers to the color of this certificate of title.