take a bath

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Take a bath

To sustain a loss on either a speculation or an investment.

Take a Bath

Informal; to lose a significant amount on an investment very quickly. For example, if one buys a stock for $95 per share and a year later it is trading for $40 per share, one has taken a bath in that stock.

take a bath

To lose a large portion of the money invested in a particular asset, such as during a prolonged bear market.
References in classic literature ?
But Saturday afternoon, after work was finished and he had taken a bath, the desire to forget overpowered him.