Dictionary

golden parachute

golden parachute

noun

: 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

1981

Browse

Next Word in the Dictionary: golden peaPrevious Word in the Dictionary: golden palm civetAll Words Near: golden parachute
March 05, 2015
ilk Hear it
Sort or kind
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears