I bail out? (5)
I believe the answer is:
alibi
'i bail out?' is the definition.
'alibi' can be an answer for 'out?' (I've seen this in another clue). I'm unsure of the 'i bail' bit.
'i bail out?' is the wordplay.
'out?' indicates anagramming the letters (I've seen 'out' mean this (out can mean wrong or inaccurate)).
'i'+'bail'='ibail'
'ibail' is an anagram of 'ALIBI'.
Can you help me to learn more?
(Other definitions for alibi that I've seen before include "Proof of absence" , "Legal term from the Latin 'elsewhere'" , "Excuse for failure" , "Proof of not being at crime site" , "that gets him off the hook?" .)