bail out

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bail out

A popular term borrowed from aviation (e.g., a crew parachuting out of a striken aircraft) referring to any situation in which an operator or interventionist drops out or quits unexpectedly.
 
Surgery
See Damage control trauma surgery.
References in periodicals archive ?
PRIME Minister David Cameron yesterday vowed to remain "eternally vigilant in all matters European" after heading off a big British bill for a second EU bail-out for Greece.
Who would have thought for one minute it would be dog breeding and stag hunting and not NAMA, bank bail-outs or cutbacks that could illicit such passion from our representatives?
CHANCELLOR Alistair Darling welcomed reports that the International Monetary Fund is calling for two new taxes on the banks to pay for future bail-outs.
The IMF is expected to recommend the tax to sit alongside a global levy on bank balance sheets as the grip tightens on the sector following the mammoth bail-outs seen during the meltdown.
A "RADICAL" overhaul of the UK banking system is needed to prevent taxpayers from picking up the bill for future bail-outs, MPs said today.
Under his honest assessment an incoming David Cameron administration would cut spending on roads, rail, benefits, defence, business bail-outs, job creation programmes and other services.
State bail-outs of the financial and automotive industries are driving demands for such spending to be made transparent, which should lead more governments to adopt international public-sector accounting standards (Ipsas), he said.
BUSINESS NEWS 4-9 Bail-outs plea The chief of a toxic asset-free bank has called on the Government to let failing lenders go to the wall rather than spending billions of pounds on bail-outs.
The Prime Minister's appearance before the Commons Liaison Committee was the first since the taxpayer-funded bank bail-outs, VAT cut and other measures were introduced last year in a bid to counter the downturn.
The transaction also marks a significant step in Credit Lyonnais's retreat from international retail banking, as ordered by the European Commission in return for a series of state-aided bail-outs in the mid-1990s for the recently privatised bank.
Secondly, there have been a number of state bail-outs, notably during the banking crisis of the mid-1980s, when the economy went into recession because of a slump in oil prices.