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.
(..) The women played cards. When kids were born, Mickey and Jimmy were the first at the hospital. When we went to the Islands or Vegas for vacation... ... we went together. No outsiders ever. It got to be normal. I began to be proud that my husband was willing to risk his neck... (..)1990 Goodfellas