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    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Jul 2008
    • Posts: 278

    "I'm out $30,000." --What does it mean?

    Tom McGuire, a licensed contractor in Toledo, Ohio, has not had a job since December. The economy is partly to blame, he said, adding that he did a job last summer and never got paid.
    As the general contractor on the job, he said, he was financially liable for materials and the work of two subcontractors. "I'm out $30,000," McGuire said.-----

    What does it mean? He owes or he is owed?

    Thank you.

    • Join Date: Oct 2006
    • Posts: 19,434

    Re: "I'm out $30,000." --What does it mean?

    He has paid out $30,000 which so far he has not been repaid by his client.

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