Definition of eat into in English:

eat into

1 another way of saying eat away at.
1.1Use up (profits, resources, or time): sales were hard hit by high interest rates eating into disposable income
More example sentences
  • Of course, charges and inflation are both eating into the profit.
  • Lending will expand at a faster rate because the lower interest rates are eating into banks' revenues from government bonds.
  • The fear was that higher interest rates will eat into corporate earnings, slash investment spending and lead to job losses.
See parent entry: eat

Definition of eat into in: