The term 'Be in the Hole' is a phrase used to describe a situation where someone is in debt or has a negative balance. The crossword solutions for this term are ACE and OWE. ACE stands for 'Advantage Credit Establishment' which is a type of loan that can be used to pay off debts. OWE stands for 'Owed Money' which is money that is owed to someone else. Both of these solutions refer to the idea of being in debt or having a negative balance.