Bailout
Financial help to a corporation or country to avoid bankruptcy / From Wikipedia, the free encyclopedia
For Bank Bailout enacted in response to the 2008 financial crisis, see Troubled Asset Relief Program. For other uses of the term, see Bailout (disambiguation).
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]