In the black

Meaning:

If we are in the black, we have money. This expression can be used for an individual or a company, and it usually means that there is money in a bank account. Contrast with in the red.

Example sentences:

1. I'm in the black.
2. The company is in the black.
3. Our goal is to be in the black by next year.

Example dialogue:

A: I've spent the last ten years paying off this house.
B: And now you own it?
A: Yes, and my bank account is finally in the black.
B: Congratulations!

Practice:

Is your bank account in the black?