Definition of golden parachute noun from the Oxford Advanced Learner's Dictionary


golden parachute

BrE BrE//ˌɡəʊldən ˈpærəʃuːt//
; NAmE NAmE//ˌɡoʊldən ˈpærəʃuːt//
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part of a work contract in which a business person is promised a large amount of money if they have to leave their job
See the Oxford Advanced American Dictionary entry: golden parachute