Bronze Parachute

What is Bronze Parachute?

1.

The sort of compensation, maybe a few grand, that non-executive professionals might receive upon being laid off. Unlike the golden parachute, the bronze one will not afford you a luxurious retirement, only a little extra time before you become a regular at the soup kitchen.

"Sure, getting $2,000 as bronze parachute is better than nothing at all, but with my mortgage payment like it is it won't be long before I come crashing through the roof of the homeless shelter."

See recession, depression, unemployed, laid off
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