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In the hole

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LampPro Tip 1/2
Financial TroublePlay
Use 'in the hole' when someone is struggling financially, implying negative balance. SlideDespite working overtime, he was still in the hole.
LampPro Tip 2/2
Casual ContextPlay
Prefer using 'in the hole' in casual conversations rather than formal financial reports. SlideAfter buying the house, they're way in the hole.