from
The Collaborative International Dictionary of English v.0.48
parachute \par"a*chute\, v. i.
TO descend to th ground from an airplane or other high place
using a parachute; as, when the plane stalled, he parachuted
safely to the ground.
[PJC]
{golden parachute} a generous set of financial benefits,
including severance pay, provided by contract to a
high-level corporate employee in the event s/he is
dismissed or his/her job is lost in a corporate takeover
or merger; also, the contract providing for such benefits.
{drogue parachute} a small parachute that is first released
and opened in order to more reliably deploy a larger
parachute. Also called {drogue}.
[PJC] parachuter