Definition
to be in the black: to not be in debt, to have money in the bank
After looking at my checking account, I was relieved to see that I still was in the black after paying my taxes. I had some money left in the account.
to be in the red: to be in debt, to have no money in the bank, to owe money to the bank
I'm $5,000 in the red. Did you hear me? I'm $5,000 in debt.
- "Bruno : We're in the black!"
- "Yes, you there, in the red blouse."
- "I've balanced the books, and it seems we're in the black for the fifth consecutive fiscal year."
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