Definition of in the hole in US English:

in the hole

phrase

North American
informal
  • In debt.

    ‘we're still three thousand dollars in the hole’
    • ‘Instead of paying once, you pay twice and the deeper you get in the hole, the more they control you.’
    • ‘In other words, they planned to go in the hole, but they didn't go in the hole as much as they thought.’
    • ‘So the crash, when it comes, is going to leave a lot of people deep in the hole.’
    • ‘And if things don't all go 100% perfectly, we'll be several billion dollars in the hole.’
    • ‘The punishing combo of fewer jobs plus fewer hours worked has left family incomes in the hole.’