Definition of Safe harbor:
Safe harbor can also refer to an accounting method that avoids legal or tax regulations, or one that allows for a simpler method of determining a tax consequence than the methods described by the precise language of the tax code.
Provision in an agreement, law, or regulation that affords protection from liability or penalty under specified circumstances or if certain conditions are met.
A place of shelter and safety, especially for ships; also as a mass noun; frequently figurative.
A provision in a legal or formal document designed to protect a party who makes a legitimate or excusable violation of its terms; frequently attributive.
Anti-hostile takeover defense in which the target firm acquires a very heavily regulated firm thus making itself a less attractive candidate for acquisition.
A safe harbor is a legal provision to reduce or eliminate legal or regulatory liability in certain situations as long as certain conditions are met. The term also refers to a "shark repellent" tactic used by companies who want to avert a hostile takeover and purposefully acquire a heavily regulated company to make themselves look less attractive to the entity considering taking them over.
How to use Safe harbor in a sentence?
- The safe harbor gave us much satisfaction and relief to protect our selves so we were content with the present arrangement.
- A safe harbor is a legal provision to reduce or eliminate legal or regulatory liability in certain situations as long as certain conditions are met.
- Sometimes it is nice to be back at your office in a form of a safe harbor after you have been at a tough negotiation.
- You may need to find a place of safe harbor if things start to go really bad and you dont know how to handle them.
- Safe harbor can also refer to an accounting method that avoids legal or tax regulations.
- The term also refers to tactics used by companies who want to avert a hostile takeover.
Meaning of Safe harbor & Safe harbor Definition