redundancy bit - meaning and definition. What is redundancy bit
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What (who) is redundancy bit - definition

FINANCIAL INCENTIVE OFFERED BY AN ORGANISATION TO ENCOURAGE EMPLOYEES TO VOLUNTARILY RESIGN
Voluntary Redundancy; Redundancy contract

Redundancy in United Kingdom law         
RIGHTS OF EMPLOYEES IF THEY ARE DISMISSED FOR ECONOMIC REASONS IN UK LABOUR LAW
User:RichsLaw/Redundancy in English law; Redundancy in English law
Redundancy in United Kingdom law concerns the rights of employees if they are dismissed for economic reasons in UK labour law.
Bit (horse)         
  • Horse skull showing the large gap between the front teeth and the back teeth. The bit sits in this gap, and extends beyond from side to side.
TYPE OF HORSE TACK
Horse bit; Horse bits; Champing at the bit; Chomping at the bit; Horse's bit; Horsebit
The bit is an item of a horse's tack. It usually refers to the assembly of components that contacts and controls the horse's mouth, and includes the shanks, rings, cheekpads and mullen, all described here below, but it also sometimes simply refers to the mullen, the piece that fits inside the horse's mouth.
Bit-length         
NUMBER OF BINARY DIGITS (BITS), NECESSARY TO REPRESENT AN INTEGER IN THE BINARY NUMBER SYSTEM
Bit length; Bit width
Bit-length or bit width is the number of binary digits, called bits, necessary to represent an integer as a binary number. Formally, the bit-length of a natural number n>0 is a function, bitLength(n), of the binary logarithm of n:

Wikipedia

Voluntary redundancy

Voluntary redundancy (VR) is a financial incentive offered by an organisation to encourage employees to voluntarily resign, typically in downsizing or restructuring situations. The purpose is to avoid compulsory redundancies or layoffs.