1 definition by epicure

A person, an employee who is subject to a Corporate-owned life insurance that benefits the corporation in case of death of such person.

The term was unknown to general public until it came to light in Michael Moore's film "Capitalism: A Love Story". It may have originated as a reference to profitiring scheme described in Russian 19th century novel "Dead Souls" by Nikolai Gogol.
Ever heard of "dead peasant" insurance policies?
by epicure March 7, 2010
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