odnosno

1. that is; i.e.; or rather
   Vidimo se sutra, odnosno u subotu. — See you tomorrow, that is, on Saturday.
   Stigao sam u pet, odnosno malo posle pet. — I arrived at five, or rather a bit after five.
2. (in lists) respectively
   Marko i Ana imaju dvadeset, odnosno dvadeset dve godine. — Marko and Ana are twenty and twenty-two, respectively.
3. (in official texts) or, as the case may be
   Zahtev potpisuje roditelj, odnosno staratelj. — The application is signed by the parent or guardian.

Very frequent in official and news language; usually preceded by a comma.