Meaning of “golden parachute” in the English Dictionary

british dictionary

"golden parachute" in British English

See all translations

golden parachutenoun [ C ]

uk /ˌɡəʊl.dən ˈpær.ə.ʃuːt/ us /ˌɡoʊl.dən ˈper.ə.ʃuːt/ informal

a large payment made to someone who has an important job with a company when that person is forced to leave their job

(Definition of “golden parachute” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"golden parachute" in Business English

See all translations

golden parachutenoun [ C ]

uk us HR

a large payment made to an executive if they are forced to leave a company, for example, if it is bought by another company:

Investors voted against a golden parachute which could have netted the chief executive up to $36 million if he was fired.

(Definition of “golden parachute” from the Cambridge Business English Dictionary © Cambridge University Press)