rip cord
noun
1
                    
                                          
              
          
                                                      : a cord by which the gasbag of a balloon may be ripped open for a limited distance to release the gas quickly and so cause immediate descent                                      
                
                    
2
                    
                                          
              
          
                                                      : a cord or wire pulled in making a descent to release a parachute out of its container                                      
                
                    
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  Merriam-Webster unabridged




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