Pronunciation: [bˈe͡ɪl ˈa͡ʊt] (IPA) 
The spelling of the phrasal verb "bale out" may be tricky, as it may be confused with "bail out." However, the correct spelling is "bale out" [beɪl aʊt]. "Bale" refers to the bundle of something, as in hay or cotton, and "out" means to exit or leave something. Therefore, "bale out" refers to the act of jumping from a crashing aircraft with a parachute, which could resemble the action of jumping out of a bale of hay into the ground.
The term "bale out" can be used in both literal and figurative senses. In its literal definition, it refers to the act of removing water from a boat or sinking vessel, usually by using a bucket or a bailing device. This process is essential to prevent the vessel from sinking further or to keep it afloat temporarily until repairs can be made. In this context, "bale out" involves scooping out water from the boat or vessel and tossing it overboard.
In its figurative usage, "bale out" commonly refers to the act of providing financial assistance or support to a person, organization, or industry that is facing imminent collapse or failure. This can take the form of loans, grants, investments, or bailout packages implemented by governments, financial institutions, or other entities to stabilize the situation and prevent a complete collapse. The main aim of such actions is to ensure that the recipient can continue operating or functioning, thereby avoiding negative consequences that could affect other sectors, the broader economy, or society as a whole.
Overall, "bale out" encompasses the literal action of removing water from a sinking vessel and the figurative act of providing financial assistance to prevent a collapse.
The phrase "bale out" has its origins in aviation terminology. It emerged during Word War II and refers to the act of abandoning an aircraft by parachuting or using an escape system. The term "bale" in this context comes from the Old French word "baille", meaning "bucket". In earlier aircraft, the pilot or crew would often use a parachute stored in a container, which resembled a bucket-shaped bale. Over time, "bale out" became the common expression used to describe the action of jumping out of a stricken or damaged aircraft to save oneself.
