The most important ingredient in developing a new financial jargon word is catchiness. No matter if it borderline makes no sense, it has to be catchy first and then hint at making sense. “Grexit” passed the grade, and means the threat of Greece exiting the Eurozone. “FROB” also passed, even though it’s an abbreviation for a Spain bank restructuring plan. “Spailout” is in the same class as “Grexit”, the quintessential financial jargon word that captures the essence of the financial news with eloquence. A “Spailout” will now go down in word history as money given to “Spanish” banks to “bail them out” dire financial straits.