Today’s “Phrase of the Day” is “in the black” and its meaning is “debt-free, out of debt, financially sound, creditworthy, of good financial standing, profit-making, profitable (whereas “in the red” means in debt, in deficit, owing money, in arrears, showing a loss)”.
Example Sentence: We have witnessed how Air India and Indian Airlines, which were in the black before their ill-conceived formal merger in 2007, plunged into a bottomless pit draining tax-payers’ funds. In the eventuality of the Tatas winning the Air India bid, merging the four airlines (Air India, Air India Express, Vistara and Air Asia India) will require large doses of the magic potion of Getafix of Asterix fame (Getafix is a character in a French comic book series named Asterix).
This word is present in The Hindu article A ‘Maharaja’ price to pay for an aviation homecoming and click here to read it.
Courtesy: The Hindu
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