<p><strong>Noun</strong></p><ul><li>A folding, umbrella-like, fabric device with cords supporting a harness or straps for allowing a person, object, package, etc., to float down safely through the air from a great height, especially from an aircraft, rendered effective by the resistance of the air that expands it during the descent and reduces the velocity of its fall.</li><li>Parachute brake.</li><li>Horology: A shockproofing device for the balance staff of a watch, consisting of a yielding, springlike support for the bearing at either end.</li><li>Informal: The aggregate of benefits, as severance pay or vacation pay, given to an employee who is dismissed from a company.</li><li>Golden parachute.</li></ul><p><strong>Verb</strong></p><ul><li>(Used with object) To drop or land (troops, equipment, supplies, etc.) by parachute.</li><li>(Used without object) To descend by parachute.</li></ul>