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off the nut

From Wiktionary, the free dictionary

English

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Prepositional phrase

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off the nut

  1. (slang) In deficit, not profiting; sustaining a loss.
    Synonym: in the red
    Antonym: on the nut
    • 1928, The Saturday Evening Post, volume 200, page 116:
      My first day's business took me off the nut.
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