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Simple English definitions for legal terms

bailout

Read a random definition: anticontest clause

A quick definition of bailout:

A bailout is when the government helps a company that is in trouble with money. This helps the company stay alive and not go bankrupt. Sometimes, a crisis or emergency affects certain industries, and the government gives money to help them. The government can give money in different ways, like cash, loans, bonds, or buying stocks. But, the government also makes sure to watch the company closely and make them change things if needed. The government does this to keep the economy stable and avoid more problems. Some people don't like bailouts because they think it encourages companies to be risky or not responsible. The government is only supposed to give money if it's safe for taxpayers and not just to help a company that's failing.

A more thorough explanation:

A bailout is when the government provides financial support to a company that is in financial trouble and at risk of bankruptcy. This support enables the company to survive. The need for a bailout often arises during financial crises or national emergencies that particularly affect certain industries.

For example, after the terrorist attack on 9/11, the airline industry was hit hard and received an 18.6-billion-dollar bailout. The government can provide support in the form of cash, loans with favorable terms, bonds, and stock purchases. However, the government also sets higher regulation and oversight of the company, requiring them to restructure or cap salaries of executives for a time period.

The purpose of a bailout is to maintain regulation of the overall market and economy and to avoid further collapse of the financial system. However, some people are uncomfortable with bailouts because they see it as encouraging risky or irresponsible behavior. Businesses that operate on the private market are expected to manage their debts to ensure they can pay the debts they acquire.

For instance, the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act was passed to end bailouts. The Act states that emergency lending should only be done to provide liquidity when there is enough security for the loan to protect taxpayers and not to aid a failing financial company.

bailor | bait and switch

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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