bailout
a financial rescue plan
TRANSLATION
bailout = Rettung aus finanzieller Not, ein finanzielles Rettungspaket bail out (verb) = aussteigen, abspringen, mit dem Fallschirm abspringen, jemand aus der Klemme helfen --- GOOGLE INDEX bailout: approximately 19,000,000 Google hits
STATISTICS
IN THE PRESS
Anger among some congressional Democrats and scepticism among Republicans make it possible that the BAILOUT bill will not be approved…
(MSNBC)
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The '70s and '80s brought a series of government rescues of corporations, but none was more symbolic than the 1979 BAILOUT of Chrysler Corp.
(The Detroit Free Press)
(MSNBC)
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The '70s and '80s brought a series of government rescues of corporations, but none was more symbolic than the 1979 BAILOUT of Chrysler Corp.
(The Detroit Free Press)
Did you
know?
bailout
noun
- a rescue from financial distress
bail out
verb
- to abandon a harmful or difficult situation
- to help someone get out of a difficult situation
- to parachute from an aircraft
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WORD ORIGIN
The word bailout, a chiefly American term, first gained prominence in the 70s after the U.S. government rescued Chrysler Motors from financial ruin. The decision was extremely controversial. For some people, Chrysler chairman Lee Iacocca was taking advantage of the U.S. taxpayer for his own gain. For others, he was a knight in shining armour who saved hundreds of thousands of jobs.
This bailout led folksinger Tom Paxton to write a satirical protest song called "I'm changing my name to Chrysler." The following is the first part of the refrain:
I am changing my name to Chrysler,
I am going down to Washington D.C.
I will tell some power broker,
What you did for Iacocca
Would be perfectly acceptable to me.
The noun bailout derives from the phrasal verb "bail out," which in addition to describing the act of jumping out of an airplane with a parachute, also means to abandon a bad situation. Strangely enough, it can also be used to describe helping someone to get out of a difficult situation. Here is how the two different meanings can be applied:
- He bailed out of the project at the last minute because he said it was too difficult.
- I was not making progress with the project until John bailed me out by helping.
This phrase is also used to describe the act of using a bucket to get rid of water that has collected in a boat, thus giving us the reference to a rescue. The verb "bail" comes from the Old French "baille," meaning bucket.
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SMUGGLE OWAD INTO TODAY'S CONVERSATION:
"Many people are wondering if all these government bailouts will stabilise the the financial system."
noun
- a rescue from financial distress
bail out
verb
- to abandon a harmful or difficult situation
- to help someone get out of a difficult situation
- to parachute from an aircraft
---
WORD ORIGIN
The word bailout, a chiefly American term, first gained prominence in the 70s after the U.S. government rescued Chrysler Motors from financial ruin. The decision was extremely controversial. For some people, Chrysler chairman Lee Iacocca was taking advantage of the U.S. taxpayer for his own gain. For others, he was a knight in shining armour who saved hundreds of thousands of jobs.
This bailout led folksinger Tom Paxton to write a satirical protest song called "I'm changing my name to Chrysler." The following is the first part of the refrain:
I am changing my name to Chrysler,
I am going down to Washington D.C.
I will tell some power broker,
What you did for Iacocca
Would be perfectly acceptable to me.
The noun bailout derives from the phrasal verb "bail out," which in addition to describing the act of jumping out of an airplane with a parachute, also means to abandon a bad situation. Strangely enough, it can also be used to describe helping someone to get out of a difficult situation. Here is how the two different meanings can be applied:
- He bailed out of the project at the last minute because he said it was too difficult.
- I was not making progress with the project until John bailed me out by helping.
This phrase is also used to describe the act of using a bucket to get rid of water that has collected in a boat, thus giving us the reference to a rescue. The verb "bail" comes from the Old French "baille," meaning bucket.
---
SMUGGLE OWAD INTO TODAY'S CONVERSATION:
"Many people are wondering if all these government bailouts will stabilise the the financial system."
