golden parachute

Slang Dictionary

golden parachute definition

  1. n.
    a special kind of severance pay for persons who may be forced to leave a job. (Usually for highly paid executives in large corporations. If the company is taken over and the executives are fired, they are very well provided for. See also golden handcuffs.) : If all the golden parachutes were used at the same time, it would bankrupt the company.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw-Hill Education.
Cite This Source
Previous Definition: golden para-chute
Next Definition: golden rule
Words Near: golden parachute
More from
Synonyms and Antonyms for golden parachute
More from
Search for articles containing golden parachute Word FAQs presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

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