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Also available:
World English Dictionary
Dictionnaire Français
golden parachute
gold·en par·a·chute
(
plural
gold·en par·a·chutes
)
noun
Definition:
promised payment for ousted executive:
an employment agreement that gives generous benefits to a senior executive who is forced to leave a company
(
informal
)
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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