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.
One of the bail-out's absurdities is that the American government expects taxpayers to pay for the government's economic mistakes.
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.
The US government will take a stake in the bank in return for the aid which comes on top of the pounds 16.8bn handed to the group in last October's phase of bank bail-outs.
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.
"Nothing has changed in our position - we want Greece to stay in the euro, we think the Greek (austerity) programme is the best course for Greece and, while we respect the on-going efforts in Greece (to form a government), we say that Greece must honour its (austerity) commitments." The Spanish government, now struggling with its own economic crisis and likely to need a massive EU bail-out, urged Greek politicians to resolve their differences and stick to the austerity path to avoid further economic "contagion".
The NAO has scrutinised taxpayer cash spent on bank bail-outs and found the total cost of financial advice to the Treasury since September 2007 is expected to balloon to pounds 107m by next April.
I was incensed to hear that RBS, after two bail-outs from the taxpayer, are giving pounds 20million to the the Six Nation's Rugby.
But Liberal Democrat leader Nick Clegg warned against giving state aid, claiming it would place the government on a "slippery slope" and lead to demands for further bail-outs.
THE trouble with government bail-outs is that, though they are easy to start, they can be very hard to stop.