Advertisement
Advertisement
View synonyms for golden handshake
golden handshake
noun
- a special incentive, as generous severance pay, given to an older employee as an inducement to elect early retirement.
- the giving or offering of such an incentive.
golden handshake
noun
- informal.a sum of money, usually large, given to an employee, either on retirement in recognition of long or excellent service or as compensation for loss of employment
Discover More
Word History and Origins
Origin of golden handshake1
First recorded in 1955–60
Discover More
Idioms and Phrases
Generous severance pay to an employee, often as an incentive for early retirement. For example, With a dwindling school population, the town decided to offer golden handshakes to some of the teachers . This slangy business term dates from the mid-1900s. A close relative is golden parachute , a generous severance agreement for an executive in the event of sudden dismissal owing to a merger or similar circumstance. This expression first appeared about 1980.Advertisement
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
Advertisement
Advertisement
Advertisement
Browse