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In the money
prep_phrase
Definitions
Prep_phrase
- 1 Possessing money; rich. idiomatic
"1933: We're In The Money — song title, lyrics Al Dubin, music Harry Warren https://web.archive.org/web/20101126014740/http://harrywarren.org/songs/0140.htm We're in the money. We're in the money. / We've got a lot of what it takes to get along."
- 2 For an option, having a strike price which makes it profitable to exercise. For a call this is a strike below the market price, or for a put a strike above the market price.
- 3 Achieving a sufficiently high ranking in a contest to earn money (for oneself, or for those who have placed a bet).
"The cash prizes for first, second and third place were too enticing to pass up. If he finished in the money he could just hang out for the next year and concentrate on his new life as Timothy Gales."
See also for "in the money"
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