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Black

A description of a positive balance on a company's financial statements.

Notes:

The phrase "in the black" is widely used to refer to the condition of companies that have been profitable in their last accounting period. This term is derived from the color of ink used by accountants to enter a positive figure on a company's financial statements.

See also: Accounting, Balance Sheet, Clean Balance Sheet, Red

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black

Of or relating to the profitability of a firm or the operations of a firm. The term derives from the color of ink used to enter a profit figure on a financial statement. Compare red.