need of a bailout

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Term: Need of a Bailout

Definition

Need of a bailout refers to a situation where a person, organization, or country encounters financial distress and requires external financial assistance to avoid bankruptcy or collapse.

Sample Sentences

After the economic crisis, several major banks found themselves in need of a bailout to prevent a catastrophic collapse.
The struggling company faced the stark reality of bankruptcy and desperately sought a bailout to keep its operations afloat.
In the wake of the global pandemic, many businesses faced a need of a bailout to navigate the challenging economic landscape.

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