Business and Personal Finance Dictionary

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• GOLDEN BUNGEE (CORDS)
  
  A lucrative executive pay package that includes a severance agreement and cash, options, or other incentive to remain associated with the company. Usually included as a provision in an executives employment contract that is triggered as a result of a merger or buyout. The executive reaps the benefits of a farewell package but retains a position with the newly combined company.
  
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