Simple Definition of golden parachute
: a large amount of money that a company pays to an executive who is being forced to leave the company
Full Definition of golden parachute
: a generous severance agreement for a corporate executive in the event of a sudden dismissal (as because of a merger)
First Known Use of golden parachute
Seen and Heard
What made you want to look up golden parachute? Please tell us where you read or heard it (including the quote, if possible).