bailed / baled are similar-sounding terms with different meanings (referred to as homophones). To better understand the differences, see below for definitions, pronunciation guides, and example sentences using each term. 👇
bailed: (verb) release after a security has been paid. (verb) deliver something in trust to somebody for a special purpose and for a limited period. (verb) secure the release of (someone) by providing security. (verb) empty (a vessel) by bailing. (verb) remove (water) from a vessel with a container.
baled: (verb) make into a bale.
bailed: b·EY·l·d
baled: NA
(Examples are Wikipedia snippets under the CC ShareAlike 3.0 license. Definitions drawn from WordNet.)