a folding, umbrellalike, 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, esp. from an aircraft, rendered effective by the resistance of the air that expands it during the descent and reduces the velocity of its fall.

parachute brake.

Horology . a shockproofing device for the balance staff of a watch, consisting of a yielding, springlike support for the bearing at either end.

Informal .

the aggregate of benefits, as severance pay or vacation pay, given an employee who is dismissed from a company.

golden parachute.

to drop or land (troops, equipment, supplies, etc.) by parachute.

to descend by parachute.