(1). A euphemism for outsourcing certain functions to another firm or service provider, intended to imply that the use of the other provider is to the customer’s benefit, as opposed to simply a cost-saving measure, which it invariably is.
(1). The list of clients being off-boarded after you fire that lousy third-party service provider of yours.
“So, Vish, it looks like we have about 400 accounts we’ll need to include in the flight plan. Given the level of service we ‘ve been getting for the last couple of years, I’m thinking no termination fee. Your thoughts?”
(1). To very publicly assume responsibility for a certain project or assignment so that your bosses will notice (see go-getter) in the hope that it will lead to either a promotion, raise or both.
“Gil, we’re impressed at how you’ve really taken ownership of this project and made it your own. Now, I’m not exactly thrilled that you’ve devoted so much of your work day to planning the office Christmas party, but…”