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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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