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3. lose shirt

lose shirt

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lose one's shirt

Fig. to lose a lot of money; to lose all of one's assets (as if one had even lost one's shirt). I almost lost my shirt on that deal. I have to invest more wisely. No, I can't loan you $200. I just lost my shirt at the racetrack.

See also: lose, shirt

lose your shirt

to lose all the money you put into something I lost my shirt because I didn't know anything about publishing at the time.

Usage notes: usually said about money that was invested

See also: lose, shirt

lose (one's) shirt

Slang

To lose everything one has or owns.

See also: lose, shirt