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Nov 21, 2020 · A safe harbor is a legal provision to sidestep or eliminate legal or regulatory liability in certain situations, provided that certain conditions are met. The phrase...
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The meaning of SAFE HARBOR is something (as a statutory or regulatory provision) that provides protection (as from a penalty or liability). How to use safe harbor in a sentence.
Feb 24, 2021 · A safe harbor is a provision in a law that affords protection from liability or penalty when certain conditions are met. The safe harbor concept is used in several areas of law, including taxation, such as the provision for a Safe Harbor 401(k).
A safe harbor is a provision of a statute or a regulation that specifies that certain conduct will be deemed not to violate a given rule. It is usually found in connection with a more-vague, overall standard.
safe harbor. A provision granting protection from liability or penalty if certain conditions are met. A safe harbor provision may be included in statutes or regulations to give peace of mind to good-faith actors who might otherwise violate the law on technicalities beyond their reasonable control.
Definition and meaning. A safe harbour is a provision in a law, regulation or agreement that affords protection from penalty, liability or oversight under certain circumstances, or if specified conditions are met by the entity. It is a type of protection from the rough seas and choppy waters of rules and regulations. Spelling: USA – harb or.
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