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English definition of “safety net”

safety net

noun [C]    
FINANCE, GOVERNMENT, SOCIAL RESPONSIBILITY a system or plan for helping people , companies , etc. that are having problems , especially financial problems : The ability to declare bankruptcy is one of the oldest safety nets that the government provides working people . The state set up a safety net for those who can't afford health insurance .social/financial safety net In the old days , when there was no adequate social safety net , parents regarded having a son as making an investment for their old age . a welfare / health / government safety net
(Definition of safety net noun from the Cambridge Business English Dictionary © Cambridge University Press)
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