parachute payment

noun

A significant amount of money paid to a departing employee as part of their departure.

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Meanings

nounparachute payment (plural parachute payments)

plural parachute payments

  1. businessA significant amount of money paid to a departing employee as part of their departure.
Cite this entry
APA

parachute payment. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/parachute%20payment

MLA

“parachute payment.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/parachute%20payment. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “parachute payment,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/parachute%20payment.

Source: parachute payment on Wiktionary, CC BY-SA 4.0.