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English definition of “golden parachute”

golden parachute

noun [C]     informal
a large payment made to someone who has an important job with a company when that person is forced to leave their jobRetiring and resigning from work
(Definition of golden parachute noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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a person or group who receives money, advantages, etc. as a result of something else

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