Losing Your Shirt

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Regularly selling half your shares saved you from losing your shirt. If it been a long-term winning company, you would have been reducing your ultimate return by shrinking your number of shares held.
But is this sort of parochial pride worth losing your shirt over?
IF you fancy a flutter without _ losing your shirt, Victor Chandler's site offers 'live' virtual horse racing.
Ann Summers Strip Poker (pounds 9.99) has an extra twist in that there are forfeits to choose instead of losing your shirt.
Closing down there were a lot of floating ads on the desktop underneath for casinos and other not very novel ways of losing your shirt.
The minimum initial investment for the fund is $2,500--still cheaper than losing your shirt in a newly public stock that crashes and burns.
The more volatile a market the bigger danger of losing your shirt but on a more positive note, for those of you brave and hardy souls, these sort of markets can yield handsome dividends too.