- A contrivance somewhat in the form of an umbrella, by
means of which a descent may be made from a balloon, or any eminence. - A web or fold of skin which extends between the legs of
certain mammals, as the flying squirrels, colugo, and phalangister.
Golden Parachutes A form of bonus compensation designed to retain talented executives that calls for a substantial cash payment if the executive quits, is fired, or simply retires.
Definition
[ n.]