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

golden parachute

noun
 
/ˌɡəʊldən ˈpærəʃuːt/
 
/ˌɡəʊldən ˈpærəʃuːt/
(informal)
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  1. 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 golden parachute in the Oxford Advanced American Dictionary
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adverb
 
 
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