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 ?
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.
No risk to be a top boss; Sean McGuire's SSuunnddaayy SSeerrmmoonnBecause sport's a religion round here
BEN Turner has warned his Cardiff City team-mates: "Raise your game or lose your shirt to a new signing."
HANG ON TO YOUR SHIRTS; Turner warns City stars their places are at risk
One Tottenham player told The Mole: "If you lose your shirt you can expect to pay for it.
The MOLE: Spurs shut swap shop
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.
AVOID LOSING SHIRT! As thousands of stranded holiday Brits limp home, XL boss is in luxury
But whatever you do, don't lose your shirt on England.
RESULT!: England can really Harm you wealth
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