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. Club managers actually enjoy a false position in that they get very well paid for doing their jobs ,and they get very handsomely paid off when they get the boot.
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.
But whatever you do, don't lose your shirt on England.