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Black

Informal; describing a financial statement that ends with a positive assessment. For example, if a company produces a profit for a given period of time, it is said to be "in the black." The term comes from the color of ink used for such statements. See also: Red.

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.
References in periodicals archive ?
The distinct aims, methods, instruments, and language of chemistry developed largely as the result of the work of William Cullen and Joseph Black.
In 1754, however, a Scottish chemist, Joseph Black (1728-1799), in his thesis for a medical degree (which he published two years later), described how he had formed a gas by strongly heating limestone (calcium carbonate), leaving lime (calcium oxide) behind.
Joseph Black bridged the gap between Equations 1 and 2 by clearly distinguishing between heat and temperature, and by his experimental results, which demonstrated that specific heat depends litle on temperature.
Joseph Black, CPO at Aetna, and EMS will co-present a detailed case study on "Implementation of Strategic Relationship Management".