UK Accounting Glossary
Action to prevent business failure, usually financial, but based on the nature of the business or collaboration. A bailout can also refer to a public relations “rescue” of a company or organization that has a bad reputation.
Governments around the world frequently step in to provide bailouts for large financial institutions in times of global economic crisis
Once a bank has received a large bailout from the government, they should be responsible with that money and put it into supporting their clients instead of their CEO’s pay packages.
The government bailout of that corporation is going to cost the taxpayers a hundred billion dollars.
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This glossary post was last updated: 13th February 2020.