Definition, Meaning & Synonyms
into-the-black
idiom
ˈɪntu ðə blæk
Definition
Referring to a financial situation where an entity is making a profit, as opposed to being in debt or at a loss.
Examples
- After cutting costs and increasing sales, the company finally moved into the black.
- With the latest product launch, the startup is projected to be into the black by the end of the year.
Meaning
The phrase ‘into the black’ indicates that an individual, business, or organization has moved from a financial loss to a profitable state, often used in the context of accounting.
Synonyms
- profitable
- in the black
- financially sound
