Bailing

Bailing, in its most common usage, refers to the act of removing water from a container, such as a boat or a flooded area, often using a bucket or pump. It can also refer to the act of withdrawing money from a bank account or a company in financial trouble. In a legal context, bailing refers to the release of a person from custody after they have paid a security fee or met other conditions set by the court. Furthermore, bailing can also apply when abandoning a project, or a deal. It signifies an act of extracting oneself, or an item from a challenging or unfavorable scenario.

Bailing meaning with examples

• The small sailboat started taking on water during the storm. We spent hours bailing with buckets to keep it afloat, as the bilge pump failed. Despite our efforts, we almost capsized. It taught us a valuable lesson in preparation. The next time we went sailing, we made sure to test all of our safety equipment.
• The company was on the brink of bankruptcy. In a desperate attempt to stay afloat, they started bailing out their investment funds to cover debts. Some investors feared they would lose their investments. The situation soon became clear when the company's creditors filed a petition for winding up.
• The defendant was charged with a serious crime but managed to secure their release by bailing out. They met the terms by paying the court's stipulated amount, which allowed them to continue their life while awaiting their trial. The judge emphasized the importance of their attendance at the trial.
• Realizing the project was going over budget and was unlikely to succeed, the CEO made the difficult decision to bail out. The financial losses would be severe. His choice ultimately saved the company from further financial repercussions. His decision was a good decision in the long run.