parachute payment


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parachute payment

n
(Banking & Finance) informal Brit a payment made to alleviate hardship resulting from a sudden loss of income
References in periodicals archive ?
When it was suggested at a supporters Q&A that Town must have PS160m with a PS50m parachute payment to come, the Terriers chairman spelled out exactly where the club stand.
Donald confirmed in a statement the deal to buy the club included an initial PS15m payment to Short - although it was claimed this was made up of only PS5m of Donald's own money, the remainder also paid out of parachute money - plus another PS25m which was paid out of the parachute payment.
Clubs that are promoted back to the Premier League during the parachute payment period, then they no longer receive the payments.
Focus: FDIC Benefit Agreement Golden Parachute Payment
Villa were relegated from the top division in 2016 and would receive a third parachute payment next year.
They will provide an in-depth discussion of the golden parachute payment rule and will also offer best tips and strategies in mitigating its impact to businesses' bottom line.
Some of the financial pain of dropping out of the Premier League has been offset by a parachute payment of just under PS41m this season and next season they will receive another PS33.5m.
Subject to expected changes to EU CAP regulations, the move follows this weeks draft Budget and will result in more than 11,000 farmers and crofters receiving their full grant rather than a 2018 parachute payment worth 80% as was previously announced.
Sunderland, Hull City and Middlesbrough will all arrive in the Championship with a PS47million parachute payment tucked safely away - the sort of money that many clubs in the division can only dream of.
That meant the club no longer qualified for a PS24 million "parachute payment" from the Premier League.
A parachute payment would in part insure against that.
If the golden parachute rules are triggered, the company loses tax deductions for the amount considered an "excess parachute payment" under Sec.