in the money

English

Pronunciation

• Audio (AU)

  (file)

Prepositional phrase

in the money

1. (idiomatic) Possessing money; rich.
   • 1933: We're In The Money — song title, lyrics Al Dubin, music Harry Warren [1]

     We're in the money. We're in the money. / We've got a lot of what it takes to get along.

2. (finance) For an option, having a strike price which makes it profitable to exercise. For a call this is a strike below the market price, or for a put a strike above the market price.
3. Achieving a sufficiently high ranking in a contest to earn money (for oneself, or for those who have placed a bet).

   Antonym: out of the money

   • 2014, Poe Hawkins, The Last Alchemist: And the Love of His Life, page 149:

     The cash prizes for first, second and third place were too enticing to pass up. If he finished in the money he could just hang out for the next year and concentrate on his new life as Timothy Gales.

Related terms

• at the money
• out of the money
• on the money