safe harbor

safe harbor.

1. An area or means of protection.

2. A provision (as in a statute or regulation) that affords protection from liability or penalty. • SEC regulations, for example, provide a safe harbor for an issuer’s business forecasts that are made in good faith. — Also termed safe-harbor clause; safe-harbor provision. [Cases: Securities Regulation 60.27(5). C.J.S. Securities Regulation § 192.]

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词条贡献者

译员圣强，国际仲裁与争端解决专业，专注翻译各种与跨境争议有关的法律文件。