pink slip

Pink slips are being handed out faster in corporate America than you can say, “Recession? What recession?”

But when she visited the bank, all she found inside were the pink slip to her car, a passport she′d acquired two years ago before a vacation trip to Australia and a few other documents.

My car mechanic does the pink slip for my bike - he doesn't know anything about them but does know that I keep it in tip top condition.