be in the black

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). Primarily heard in US. 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
References in periodicals archive ?
If they put a stop to that, they would be in the black in no time soon.