Today’s “Phrase of the Day” is “in the red” and its meaning is “in a situation where you spend more money than you earn and so you owe money to someone; in debt, in deficit, owing money, in arrears, showing a loss”.
Example Sentence: The entry of a deep-pocketed newcomer five years ago and its ‘take-no-prisoners approach’ to tariffs triggered a price war that depressed average revenue per user and bled most legacy telcos (telecommunications companies) operationally into the red.
This phrase is present in The Hindu article Delaying the inevitable: On relief to telcos and click here to read it.
Courtesy: The Hindu
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