Lifeboat

/ˈlaɪfˌboʊt/

Synonyms

  • emergency boat
  • rescue boat
  • safety boat

Slang Meanings

A backup plan or option in case of emergencies.
Having a side hustle is like having a lifeboat in case your main job sinks.
Referring to a situation where there is a last resort.
That old savings account is my financial lifeboat.