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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.