furlough

Short definition from Wiktionary

Noun

1. 1
   A leave of absence or vacation: especially one granted to a member of the armed forces, or to a prisoner.
2. 2
   A leave of absence or vacation: especially one granted to a missionary.
3. 3
   The documents authorizing such leave.
4. 4
   A period of unpaid time off, used by an employer to reduce costs.

Verb

1. 1
   To grant a furlough to (someone).
2. 2
   To have (an employee) not work in order to reduce costs; to send (someone) on furlough.

Proper noun

1. 1
   A surname.