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What does “in the black” mean?

Meaning, example sentence and a quick practice question.

C1

To have a positive balance; financially solvent

“After a slow start, the business is finally in the black.”

From the C1 lesson Money Talks (money and spending).

Quick check

What does “in the black” mean?

Teaching this phrase?“in the black” is part of a ready-to-teach lesson, with a reading, three exercises, speaking tasks and an answer key, in Everyday English Chunks C1 Pack 3 (Money, Food, Work and Travel).
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