be laughing (informal)
1. To have no (further) problems, worries, etc
2. To be in a favourable or advantageous position
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Main Entry: ↑laugh
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to be in a very good situation, especially as a result of something that has happened
If this deal comes off as planned we’ll be laughing.
Thesaurus: to be in a good, better or pleasant situationsynonym
Main entry: laugh
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be laughing
Brit informal : to be in a very good situation with nothing to worry about
If they can just close this important deal, they'll be laughing! [=they'll be on easy street]
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Main Entry: ↑laugh
Useful english dictionary. 2012.