Simple past tense and past participle of bail.(verb)
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Use "bailed" in a sentence
"Yes, Bill Gross will hate it, but subordinate debtholders in bailed-out institutions should be wiped out, and senior creditors should take a major haircut."
"Why is CNN not covering the fact that Sarah Palin bailed out on her readers, it's all over youtube ... come on CNN you put this woman on display everyday for profit yet you ignore the fact that she is treating people like dirt ..."
"You are put straight to court the next day and again bailed with the same conditions."