Bailout

Financial help to a corporation or country to avoid bankruptcy / From Wikipedia, the free encyclopedia

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A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy.

A bailout differs from the term bail-in (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process, but taxpayers are not. Some governments also have the power to participate in the insolvency process: for instance, the U.S. government intervened in the General Motors bailout of 2009–2013.[1] A bailout can, but does not necessarily, avoid an insolvency process. The term bailout is maritime in origin and describes the act of removing water from a sinking vessel using a bucket.[2][3]

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