IN THE RED.
Meaning: 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.
Quick Quiz:
If someone is in the red they
A) are owed money
B)owe money
C)have been owed money
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SOURCE: englishclub.com
PICTURE SOURCE:
http://www.bancoseinversiones.es/2008/03/cuidado-con-los-nmeros-rojos.html
http://www.bancoseinversiones.es/2008/03/cuidado-con-los-nmeros-rojos.html
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