red (redirected from Better dead than red)

Red

A term relating to a negative balance on a company's financial statements.

Notes:

The phrase "in the red" is used widely to refer to companies that have not been profitable within their last accounting period. This term is derived from the color of ink used to by accountants to enter a negative figure on a company's financial statements.

See also: Black

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red

Of or relating to a firm or the operations of a firm that are deemed unprofitable. The term derives from the color of ink used to show losses on financial statements. Compare black.