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Losing Your Shirt

Categories: Investing

You invested all you had. You bet the ranch, not the dressing. But the actual ranch. Who wouldn't, when you're holding a straight flush, right?

Well, the other guy had a royal, and your hopes, dreams, and aspirations were...flushed. So now he comes to collect. You lose the deed to your home, your car, your horses, and, well...pretty much the clothes off your back.

That's what it means to lose your shirt. Next time, stick to the $5 max cap bet tables in Vegas.

Find other enlightening terms in Shmoop Finance Genius Bar(f)