be in the black(redirected from were 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). 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