In the Black

In The Black

Definition

A phrase used to describe a financial situation that is profitable or solvent.

We have been in the black for the past two years.

Our company is finally in the black after years of losses.

We are confident that we will remain in the black for the foreseeable future.

The new business venture has put us in the black.

We are delighted to be in the black once again.

Origin

The phrase “in the black” is believed to have originated in Britain in the early 19th century. At that time, financial records were kept on paper and a ledger was used to track income and expenses. Profits were recorded in black ink while losses were recorded in red ink. Thus, when all of the entries were in black ink, the ledger was said to be “in the black”.

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