safe harbor
The term "safe harbor" has diverse applications, from legal protections to nautical contexts, all emphasizing safety and protection.
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Definition
C1Law
(technical, regulatory)A legal provision offering protection from liability or penalties under specific conditions.
Example
- The new regulations include a safe harbor clause to protect small businesses from hefty fines.
C1Finance
(technical, business)An arrangement that simplifies compliance with regulations, often used in retirement plans to reduce administrative burden.
Example
- Employers prefer safe harbor 401(k) plans to avoid complex compliance testing.
B2Nautical
(general)A harbor where ships can anchor safely, especially during adverse weather conditions.
Example
- The ship sought a safe harbor to wait out the storm.
Similar
Terms that have similar or relatively close meanings to "safe harbor":