The latter definition could easily be used to describe 2023's film, Parachute. In Business a Golden Parachute is ' a large payment or other financial compensation guaranteed to a company executive should the executive be dismissed as a result of a merger or takeover' but in life, a parachute might be described as an individual who assists another individual as they metaphorically fall. As children, we are taught to play with parachutes in gym class by throwing them up in the air and running under them as they slowly float down again.
It consists of a large piece of thin cloth attached to your body by strings'.
Look up the definition of a parachute and you will find, ' a device that enables a person to jump from an aircraft and float safely to the ground.