Financial protection refers to measures taken by individuals or organizations to secure their financial well-being and minimize potential losses. This can include various strategies such as insurance, savings accounts, investments, and budget planning. The goal is to ensure that in the event of an unexpected expense or emergency, one has a safety net to fall back on and avoid incurring debt or experiencing financial hardship. Financial protection can also refer to government programs or regulations designed to protect consumers from fraudulent practices or unfair business practices that could result in financial loss. Overall, financial protection is about taking proactive steps to secure your financial future and maintain a sense of stability and peace of mind.