Bale out

Bale Out is a term used in various contexts, primarily in aviation and finance. In aviation, it refers to the act of exiting an aircraft in emergency situations using a parachute. In finance, it refers to the act of providing financial assistance to a failing business entity to prevent its collapse.

Aviation

In aviation, bale out is a term used to describe the act of exiting an aircraft in emergency situations. This is typically done using a parachute, and is often the last resort when all other options for saving the aircraft have been exhausted. The term originated during World War II, when pilots of damaged aircraft would often have to "bale out" to save their lives.

The process of bailing out of an aircraft involves several steps. First, the pilot must make the decision to abandon the aircraft. This is usually done when the aircraft is no longer controllable, or when a crash is imminent. Once the decision has been made, the pilot must then prepare for the exit. This involves securing any loose objects, opening the exit, and positioning themselves for the jump. Once these steps have been completed, the pilot can then jump from the aircraft and deploy their parachute.

Finance

In finance, a bale out is the act of providing financial assistance to a failing business entity to prevent its collapse. This is often done by governments or larger corporations, and is typically seen as a last resort to prevent further economic damage. The term is derived from the practice of using a bale to scoop water out of a sinking ship.

Bailing out a company involves providing it with the necessary funds to continue its operations. This can be done through a variety of methods, including loans, grants, or the purchase of assets. The goal of a bail out is to stabilize the company and allow it to continue its operations, thereby preventing job losses and further economic damage.

See also

• Parachute
• Financial crisis
• Economic rescue package