In-the-red Definition
adjective
(idiomatic, accounting) Having net losses; in debt.
The figures are going to be in the red this year.
Wiktionary
Origin of In-the-red
From the standard accounting practice of using red ink to denote negative values, especially a net loss. The first known written use of the phrase is from the "Wise-crack dictionary" (1926) by George H. Maines and Bruce Grant.
From Wiktionary
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