noun
a mild or indirect word or expression substituted for one considered to be too harsh or blunt when referring to something unpleasant or embarrassing
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The term 'passed away' is often used as a euphemism for death in formal settings.
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My grandma always says she's 'taking a nap' as a euphemism for going to bed early.
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In some circles, 'kick the bucket' is a slang euphemism for dying.
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Using 'downsizing' as a euphemism for laying off employees softens the blow but doesn't change the reality.