This fiscal year's financial results were deeply in the red.
red writing; red letter
Literal red-colored text or characters, often for emphasis or marking.
Holidays are written in red on the calendar.
red corrections; red ink corrections
Corrections or marks made in red ink by a teacher or proofreader.
The teacher made many corrections in red ink on the exam paper.
This year's financial results went into the red.
Please write the important parts in red.
The teacher made corrections on the manuscript in red ink.
That company has posted a deficit for three years in a row.
Many local governments are burdened with deficits.
They eliminated the deficit through cost cutting.
trade deficit with Japan
accumulated deficit; cumulative loss