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English definition of “lifeboat”

lifeboat

noun [C]     /ˈlaɪfbəʊt/
something such as money or a plan that will help people or organizations who risk failing, losing all their money, etc.: Employers will have to contribute to a new pensions lifeboat. a political/economic lifeboat
(Definition of lifeboat noun from the Cambridge Business English Dictionary © Cambridge University Press)
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