Definition, Meaning & Synonyms
money-pit
noun
/ˈmʌni pɪt/
Definition
A situation or property that is a continuous drain on financial resources due to ongoing costs and repairs.
Examples
- The old house became a money-pit after the roof started leaking and the plumbing needed repairs.
- Investing in that failing business turned out to be a money-pit, leaving the investors with huge debts.
Meaning
A money-pit refers to an investment that consumes more money than it is worth, often because it requires constant maintenance and expenses.
Synonyms
- drain
- burden
- liability
- financial sinkhole
