✅ In the red
▪️If a person or a company is in the red, their debts are greater than their assets.
✔️ For example:
▪️Even if we make a profit this year, we owe so much money that we’ll probably still be in the red.
▪️I don’t like being in the red, so I don’t borrow money.
✔️ Note: This comes from the practice in accounting of using red ink to make entries into a “debits” column.
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