Tin-parachute

tin parachute

noun
an employment agreement guaranteeing a worker compensation, especially in the form of bonuses and benefits, in the event of dismissal as a result of a merger or takeover.

Origin:
1985–90

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To tin-parachute
Explore Dictionary.com
Previous Definition: tin-pants
Next Definition: tin-pest
Words Near: tin-parachute
More from Thesaurus.com
Synonyms and Antonyms for tin-parachute
More from Reference.com
Search for articles containing tin-parachute
More from Dictionary.com Translator
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature