Pink Slip Definition
Pink Slip is a slang term that is used to describe two different situations.
1) Pink Slip is often referred to as an employee's termination notice that is not necessarily written on paper, it indicates the situation of being laid off.
2) Pink Slip can also be a concept in stock trading, where the Pink Quote is an electronic quotation system operated by Pink OTC Markets. The system displays quotes for over-the-counter (OTC) securities.