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in the hole

   Also found in: Dictionary/thesaurus, Financial 0.04 sec.
*in the hole
Fig. in debt. (*Typically: be ~; get ~; go ~; put someone ~.) I'm $200 in the hole. We went into the hole on that deal.
See also: hole

in the hole
owing money We're in the hole – every year our revenues grow more slowly than our costs.
Usage notes: often used after an amount of money: He's $500 in the hole after buying his car.
See also: hole


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? References in classic literature
Toto had been looking with great curiosity in the hole which the boy was digging, and growing more and more excited every minute, perhaps thinking that Button-Bright was after some wild animal.
And so prevalent was the fashion, that on the occasion of a fight or other disturbance in the Hole, the ladies would be seen flocking from all quarters universally twisting their back-hair as they came along, and many of them, in the hurry of the moment, carrying their back-combs in their mouths.
In this field you dig a hole and in the hole you bury a gold piece.
 
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