The financial rescue of a business or other organization in difficulty by giving or lending them money. A government bailout of a large company.
Government guarantees for loans made to Chrysler Corporation constituted a bailout.
READ ON THE NEWS THESE DAYS:
Bush gives TV address to promote $700 billion bail-out.
Bush confident of financial bailout.
Congress and the White House are trying to hammer out a $700 billion plan to bail out Wall Street.
No comments:
Post a Comment