Losing Your Shirt

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 ?
Regularly selling half your shares saved you from losing your shirt.
The more volatile a market the bigger danger of losing your shirt but on a more positive note, for those of you brave and hardy souls, these sort of markets can yield handsome dividends too.
You run a significant risk of losing your shirt when you start a business, and it's essential never to forget that.
Losing your shirt is usually the last thing you'd want to do in business, but that's exactly what the president of an Internet company did in an interview on CNBC Tuesday.
The minimum initial investment for the fund is $2,500--still cheaper than losing your shirt in a newly public stock that crashes and burns.
99) has an extra twist in that there are forfeits to choose instead of losing your shirt.
Closing down there were a lot of floating ads on the desktop underneath for casinos and other not very novel ways of losing your shirt.
15 /PRNewswire/ -- Whether you're just getting into today's most popular card game or looking for fresh strategies to keep you from losing your shirt, you'll find a how-to-win roadmap in 52 Tips for Texas Hold'em Poker, a new book by poker champion and Card Player publisher Barry Shulman.
IF you fancy a flutter without _ losing your shirt, Victor Chandler's site offers 'live' virtual horse racing.