Where does the word bailout come from?
Bailout has become closely associated with the idea of financial rescue - to bail out the banks/Cyprus. But the word has many subtle usages - and two spellings!1. bail/bale is to abandon abruptly as in making an emergency exit from an aeroplane in a parachute.
2. to bail out is to remove water from a leaky boat.
3. It is now more common to use bail in a figurative/metaphorical sense:
The minister has bailed on the government's housing policy (announced his opposition).
|The pilot bailed out|
4. 'Bail out' is also used metaphorically but usually with a closer connection to the literal meaning: The pilot bailed out of his plane.
5. The noun is sometimes spelled as one word: bailout.
6. There is a dispute over the spelling of bail and bale - bail is probably used more frequently but both are allowed by most dictionaries.