in the black
1 of 1phrase/ɪn ðə blæk/
1
used to refer to something, particularly a bank account, that is providing one with a considerable amount of profit
The idiom "in the black" originated in the world of finance and accounting, where it is used to describe a business or organization that is profitable and has positive net income. The idiom is commonly used to describe a range of scenarios, such as when a company's profits exceed its expenses, when an individual's savings exceed their debts, or when a non-profit organization has enough funds to cover its expenses and operations.
- After several years of losses, the business finally turned a profit and was in the black.
- The company is currently in the black, with positive cash flow and profits.
- The organization has been in the black for several quarters now, thanks to a successful cost-cutting initiative.
Antonyms: