parachute payments

A form of parachute payment — A significant amount of money paid to a departing employee as part of their departure.

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Meanings

noun
  1. pluralplural of parachute payment.
Cite this entry
APA

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

MLA

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

Chicago

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

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