Definition of money pit in English:

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money pit

noun

informal
An ongoing drain on financial resources, such as a house in frequent need of costly repairs or improvement: your bargain fixer-upper need not become your money pit
More example sentences
  • Damage or disrepair can turn a bargain into a money pit.
  • Are big time college sports really a moneymaker for the schools or are they a money pit?
  • England can't do things without them becoming a money pit.

For editors and proofreaders

Syllabification: mon·ey pit

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