Meaning of the word bailout in English

What does bailout mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bailout

US /ˈbeɪl.aʊt/
UK /ˈbeɪl.aʊt/

Noun

an act of giving financial assistance to a failing business or economy to save it from collapse

Example:
The government approved a massive bailout package for the struggling airline.
Critics argued that the bailout would only encourage reckless behavior by banks.

Verb

to provide financial assistance to a failing business or economy to save it from collapse

Example:
The government had to bailout the struggling auto industry.
They decided not to bailout the company, allowing it to go bankrupt.