Just before Christmas or New Years (and maybe some other holidays), companies organise a party for their workers. What do you call a thing like that?
In Russia it is so common that they have a special word for that. Sounds totally like a loanword from English — ‘Korporativ’ (noun) — because the Russian words don't have this word-formation, we don't even use the root ‘corporate’ unless it's very business-y.
Why I am asking this is because I can't look it up in a dictionary, that word 'korporativ' is not in dictionaries yet. And I hope it won't be. But really for now there is no other proper way to call a party like that.
PS Not necessarily a Single word