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What does golden parachute mean?

April 26, 2017context examples definition dictionary english learning Golden mean parachute sense synonyms

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What does golden parachute mean?

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• GOLDEN PARACHUTE (noun) The noun GOLDEN PARACHUTE has 1 sense: 1. giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover Familiarity information: GOLDEN PARACHUTE used as a noun is very rare.