A period of time when someone is unavailable for work.
A dismissal of employees from their jobs because of tightened budgetary constraints or work shortage (not due to poor performance or misconduct).
A short pass that has been rolled in front of another player for them to kick.
A bet that is laid off, i.e. placed with another bookmaker in order to reduce risk.
I'm going to take a brief time-out from this job.
A short break in the action of a sport, for substitution, consultation, etc.
The abortion of an incomplete task after a time limit considered long enough for it to end normally.
A break from a tense, heated or stressful situation (often enforced, sometimes as a disciplinary measure); a cooling-off period.