| / English Dictionary |
GOLDEN PARACHUTE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover
Classified under:
Nouns denoting acts or actions
Hypernyms ("golden parachute" is a kind of...):
porcupine provision; shark repellent (a measure undertaken by a corporation to discourage unwanted takeover attempts)
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