bailout /ˈbeɪlˌaʊt/ noun5 •A rescue, especially a financial rescue.The government bailout of that corporation is going to cost the taxpayers a hundred billion dollars. •The process of exiting an aircraft while in flight.Bailouts from side doors are risky because the slipstream may carry a chutist into the plane's tail section. — 1972 •The situation where a firefighter uses equipment to escape a structure where fire has proven uncontrollable. •(informal) The act of bailing out; a departure or abandonment. •A backup supply of air in scuba diving. formsbailouts