money pit
The term "money pit" is commonly used to describe investments or possessions that continuously drain financial resources without providing proportional benefits.
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Definition
C1Finance
(informal, idiomatic)An investment or possession that requires continuous and excessive spending, often without yielding satisfactory returns.
Example
- The old house turned out to be a money pit, with repairs costing more than the purchase price.
- His vintage car collection became a money pit due to constant maintenance and restoration needs.
Similar
Terms that have similar or relatively close meanings to "money pit":