Often used in casual or informal discussions, not in official situations. I heard the veep gave a great speech at that informal gathering yesterday.
Pro Tip 2/3
Media Portrayal
Frequently seen in news media, TV shows, or films as a shorthand for vice president. Did you catch that episode where the veep had to negotiate a peace deal?
Pro Tip 3/3
Stand-by Role
Implies a backup, someone who takes over the main role only when needed. The CEO is sick, so the veep is running the meeting today.