Source : Webster's Revised Unabridged Dictionary (1913)

Parachute \Par"a*chute\, n. [F., fr. paper to ward off, guard +
   chute a fall. See {Parry}, and {Chute}, {Chance}.]
   1. A contrivance somewhat in the form of an umbrella, by
      means of which a descent may be made from a balloon, or
      any eminence.

Source : WordNet®

parachute
     v : jump from an airplane and descend with a parachute [syn: {jump}]

parachute
     n : rescue equipment consisting of a device that fills with air
         and retards your fall [syn: {chute}]