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English definition of “protection”

protection

noun [U]
 
 
/prəˈtekʃən/
the act of keeping someone or something safe from injury, damage, or loss, or the state of being protected in this way: We need protection from bad or incompetent doctors. Retailers believe the magnetic cards give the banks less protection against fraud. The package of employments rights included full legal protection from dismissal for strikers. copyright protection
LAW a situation in which a company in financial difficulty gets special legal treatment to help it stay in business: Chapter 11 would grant protection from creditors while the company attempts to reorganize.
ECONOMICS a situation in which a government helps a part of its country's industry by taxing goods from other countries or by limiting the amount of goods that can be imported: Import protection has formed a key part of industrial development policies in many Asian economies.
INSURANCE insurance against injury, damage, or loss: The insurance policy provides protection in case of accidental loss of life or serious injury. an income protection policy
→ See also bankruptcy protection, brand protection, consumer protection, credit protection, data protection, employment protection, investor protection, job protection, patent protection
(Definition of protection from the Cambridge Business English Dictionary © Cambridge University Press)
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