These are slang expressions. The explanations given seem OK to me. Can you be more specific about what you do not understand, please?
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CherryCouldeveryoneanyone explain clearly the meanings of phrase " in the red" and ' in the pink" in these sentences please.
If you owe money to a bank, you are in the red. Also, if a person or a business is in the red, it means they are losing money.
If someone is in the pink, they