All employees are given three weeks 'vacation'. [=they will be paid for 15 days that they do not work per year]
His parents have a beautiful 'vacation home' [=a house that someone lives in during vacations] by the lake.
She spent most of her 'long vacations' [=summer vacations] at her parents' house.
(..) If I must put up with-- Back off, monkey boy... or I'II teII your dad you treat this pIace Iike your piggy bank. Or we shouId caII the IRS... and arrange a vacation for you at CIub Fed? That'II be aII. Genius. That was genius. Buddy, I have chiIIs. I'm not sure. (..)1994 The Mask