Losing Your Shirt

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Losing Your Shirt

Informal; a situation in which one makes such a bad investment decision that he/she loses everything he/she owns. For example, if a business venture goes bankrupt, an investor may be said to lose their shirt if they also must sell their house to repay the business' debt. Losing your shirt has a strongly negative connotation because it implies that one must sell one's shirt to pay liabilities. See also: Rio trade.
References in periodicals archive ?
If you want the big bucks you take big risks - ask anyone who has ever had a punt on a potentially lucrative deal that has gone wrong - if it pays off, you are quids in and if it flops you can lose your shirt.
BEN Turner has warned his Cardiff City team-mates: "Raise your game or lose your shirt to a new signing.
One Tottenham player told The Mole: "If you lose your shirt you can expect to pay for it.
IF you follow these tips you should avoid the nightmare of XL passengers - and won't lose your shirt like sponsored West Ham Football Club have done.
But whatever you do, don't lose your shirt on England.
If you're not disciplined, you will lose your shirt.
You lose your shirt - I don't take it away from you.
I'd rather take slow growth than fast volatility because you could lose your shirt.
I've heard it said that a tax form is a lot like a laundry list - either way you are going to lose your shirt, and a lot of folks have lost their shirts dealing with our current code.
Just never lose your shirt, Victoria - it might distract the punters.