Losing Your Shirt

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Also found in: Idioms.

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 ?
India, May 8 -- You can lose your mind or lose your shirt
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.