to clear of water by dipping (usually fol. by out): to bail out a boat.
—v.i.
to bail water.
The corporation bailed out its failing subsidiary through a series of refinancing operations.
to make a parachute jump from an airplane.
to relieve or assist (a person, company, etc.) in an emergency situation, esp. a financial crisis:The corporation bailed out its failing subsidiary through a series of refinancing operations.
to give up on or abandon something, as to evade a responsibility:His partner bailed out before the business failed.
—n.
a bucket, dipper, or other container used for bailing.