raspuštati

1. (of a parliament, organization) to dissolve; to disband
   Predsednik ne raspušta skupštinu bez ozbiljnog razloga. — The president doesn't dissolve parliament without a serious reason.
2. (of pupils, soldiers) to dismiss; to let go
   Škole đake raspuštaju na zimski raspust krajem decembra. — Schools let pupils go for the winter break at the end of December.
3. (of hair) to let down
   Uveče uvek raspušta kosu. — She always lets her hair down in the evening.
4. (of children) to spoil; to indulge
   Baba i deda previše raspuštaju unuke. — Grandma and grandpa spoil their grandchildren too much.

The noun raspust 'school holidays' comes from this verb.