“Safeguard clause”. Merriam-Webster.com Legal Dictionary, Merriam-Webster, www.merriam-webster.com/legal/saving%20clause. Retrieved 17 July 2020. Exempt, reserved or exempt; As if a law “saves” acquired rights. toll or suspension of operation or operation of; to “save” the statute of limitations. 1. To save something or someone from destruction or danger. 2. To book for later. 3.

Keep, keep and accumulate (money). 4. Exempt, reserve or exempt; As if a law “saves” acquired rights. toll or suspension of operation or operation of; to “save” the statute of limitations. v. 1) also called indemnified in order to indemnify (protect) others against damages or costs. 2) Guarantee that all debts, actions or claims that may arise from a contract or the performance of a contract will be paid or settled by the party giving the guarantee. Example: The seller of a business agrees to “indemnify” the buyer for unknown debts of the business. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. What prompted you to seek the austerity clause? Please let us know where you read or heard it (including the quote, if possible).