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lose one's shirt
Slang Dictionary

lose (one's) shirt definition


  1. tv.
    to go broke; to lose everything of value, even one's shirt. : I lost my shirt on that bank deal.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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American Heritage
Idioms & Phrases

lose one's shirt

Face financial ruin, go bankrupt, as in He lost his shirt in the last recession. This expression implies one has lost even one's shirt. [Early 1900s]

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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