Also means
vacation allowance
Usage Note
Urlaubsgeld is an additional lump-sum bonus (separate from regular salary) paid by some German employers before employees take their annual leave. It is not legally required but common in collective agreements.
Examples
"Laut Tarifvertrag erhalten die Mitarbeiter im Juli Urlaubsgeld."
Natural Translation
According to the collective agreement, employees receive a holiday bonus in July.
Literal Translation
According to collective-agreement receive the employees in July holiday-bonus.

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