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What is a bailout? Where does the word come from?

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Bailout  has become closely associated with the idea of financial rescue -  to bail out the Greece etc.   But the word has many subtle usages - and two spellings! 1.  bail/bale  is to abandon abruptly as in making an emergency exit from an aeroplane in a parachute.  2.  to bail out  is to remove water from a leaky boat. 3. It is now more common to use  bail   in a figurative/metaphorical sense: The minister has bailed on the government's housing policy ( announced his opposition) . The pilot bailed out The actor bailed on the script  (stopped reading his lines with any show of conviction)  4. 'Bail out' is also used metaphorically but usually with a closer connection to the literal meaning:  The pilot bailed out of his plane. 5. The noun is sometimes spelled as one word:  bailout. 6.   Bail or   bale  - the spelling is disputed but  bail  is probably used more frequently. Both spellings are allowed by most dictionaries.  A version of this pos