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in the black

Meaning: If a person or a company is in the black, their assets are greater than their debts.

For example:

  • It's taken a long time, but we've paid off our loans and we're in the black again at last.

  • If you rearrange your debts and save more than you spend, you could be in the black again within three years.

Note: This idiom is the opposite of being "in the red", which means to owe money or to be in debt.

Quick Quiz:

If you are in the black, you
  1. are owed money
  2. owe money
  3. don't owe money

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