from Wiktionary, Creative Commons Attribution/Share-Alike License
- adj. (accounting) Having net losses; in debt.
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. (Wiktionary)
Sorry, no example sentences found.
Wordnik is becoming a not-for-profit! Read our announcement here.