RESCUE PACKAGE Meaning and
Definition
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A rescue package refers to a comprehensive set of measures or initiatives implemented by governments or organizations to provide financial, economic, or humanitarian assistance in order to help revive or stabilize a struggling entity, sector, or country facing significant crisis or distress. The purpose of a rescue package is to alleviate the adverse effects of a financial, economic, or social crisis, and prevent the situation from worsening or spiraling out of control.
Rescue packages typically involve a range of interventions, such as financial aid, loans, grants, bailouts, stimulus packages, or debt relief, which aim to inject much-needed capital, liquidity, or resources into the faltering entity or economy. These measures are often designed to support specific sectors, industries, or organizations that are vital to the overall functioning of an economy.
The implementation of a rescue package may involve various actors, including governments, central banks, international organizations, and multilateral institutions. These entities closely coordinate their efforts to devise and execute strategies that can effectively address the challenges faced by the entity or economy in distress.
Ultimately, a rescue package aims to stabilize the situation, restore confidence, promote growth, and protect the affected entity or economy from potential collapse. It serves as a lifeline for distressed parties, helping them weather the storm and embark on a path to recovery by providing essential support and resources when they are most needed.
Common Misspellings for RESCUE PACKAGE
- eescue package
- descue package
- fescue package
- tescue package
- 5escue package
- 4escue package
- rwscue package
- rsscue package
- rdscue package
- rrscue package
- r4scue package
- r3scue package
- reacue package
- rezcue package
- rexcue package
- redcue package
- reecue package
- rewcue package
- resxue package
- resvue package
Etymology of RESCUE PACKAGE
The word "rescue" originated from the Old French term "rescourre" which meant "to protect or to relieve". It further came from the Latin word "rescure" or "rescūtus" which meant "to recover or deliver".
The term "package" has its roots in the Middle French word "pacquage" or "pakehache" which referred to a bundle or a bale of goods. It later developed into the English word "package" which means a wrapped or bundled object.
When combined, the phrase "rescue package" refers to a comprehensive set of measures or actions implemented to provide relief or assistance in a time of crisis or emergency, often involving economic assistance or aid. The term is frequently used to describe government initiatives or plans that aim to alleviate the impact of financial downturns, natural disasters, or other crises.
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