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In the red

prep_phrase

Definitions

Prep_phrase
  1. 1
    Having net losses; in debt. idiomatic

    "The figures are going to be in the red this year."

Etymology

From the standard accounting practice of using red ink to denote negative values, especially a net loss. The first known written use of the phrase is from the "Wise-crack dictionary" (1926) by George H. Maines and Bruce Grant.http://www.phrases.org.uk/meanings/202000.html

See also for "in the red"

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