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 ?
The series of bail-outs began over the weekend when Fortis, the Dutch-Belgian banking giant, was partially nationalised.
Eurozone ministers agreed on Sunday to put together a second bail-out package worth 120billion euros to fund Greece into 2014.
In contrast, bail-outs for other sectors could be a gamble for taxpayers' money.
Germany had been under rising pressure to take the lead in rescuing eastern EU members, but Chancellor Angela Merkel insisted that a one-size-fits-all bail-out was unwise.
Spanish Prime Minister Jose Luis Rodriguez Zapatero also ruled out any bail-out.
But now Portugal looks set to demand a massive bail-out after the collapse of the Lisbon government's austerity plans and the resignation of the prime minister Jose Socrates on Wednesday.
They pretended they were drawing a line in the sand with Lehman Brothers but now two days later they're doing another bail-out," said Nouriel Roubini, a professor at New York University's Stern School of Business.
When voters in England consider that the UK Parliament has in the past decade enabled the tragedy of ruinous wars as well as the swingeing financial pressures placed on ordinary people by budgetary deficits and fat-cat bail-outs, they don't say let's quit and ask Brussels to take over.
Ireland's pounds 72bn rescue package at the weekend offered only a brief respite as investors remained worried about the economies of Portugal and Spain and the potential for further bail-outs.
Earlier bank bail-outs of Newcastle-based Northern Rock and of Bradford & Bingley have added to the dismal debt figure and it is set to rise further still when the cost of part-na-tionalisinLloyds Banking Group and Royal Bank of Scotland is calculated.
But yesterday, chief executive Pierre-Yves Gerbeau promised that the company would not be seeking any further bail-outs.
Yet bankers display no contrition or humility after their reckless deals plunged the country into recession, destroying jobs and costing taxpayers billions of pounds in bail-outs.