be in the black

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be in the black

To be financially solvent. This phrase is often applied to businesses and refers to the traditional bookkeeping practice of writing incoming funds in black ink (and outgoing funds in red). We had a scare last quarter, but I am happy to report that we are now in the black once again! Thanks to my tax return, my bank account is officially in the black.
See also: black

be in the black

If a bank account is in the black, it contains some money, and if a person or business is in the black, they have money in the bank and are not in debt. Incredibly, we're still in the black after our holiday.
See also: black