underwater
adj.— «Employee and investor attitudes changed profoundly after 2001, as the tech bust rendered millions of stock option grants worthless—”underwater” in valley parlance.» —“Stigma emerges, glitter fades for stock options” by Scott Duke Harris Mercury News (San Jose, California) July 23, 2006. (source: Double-Tongued Dictionary)
Further reading
The word filibuster has a long and colorful history, going back to the days when pirates roamed the high seas. Today it refers to hijacking a piece of legislation. Plus, the language of yoga teachers: When doing a guided meditation, you may hear...
In the 15th century, the word respair meant “to have hope again.” Although this word fell out of use, it’s among dozens collected in a new book of soothing vocabulary for troubled times. Plus, baseball slang: If a batter...