Meaning of the word "red ink" in English

What does "red ink" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

red ink

US /ˈrɛd ɪŋk/
UK /ˈrɛd ɪŋk/

Noun

a financial loss, especially when recorded in a ledger or on a balance sheet

Example:
The company reported significant red ink for the third quarter.
After years of operating in the red ink, the business finally turned a profit.