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.
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IF you had done a spread bet on Tiger Woods last week, you'd have lost your shirt.
Evangelino has a future in the game but to not come on because you've lost your shirt is a bit of a what happens next job.
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