money pit(redirected from money pits)
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A business, possession, or other financial commitment that requires or consumes an increasingly large amount of money, especially more than was first anticipated. I bought this restaurant because of its prime downtown location, but with all the repairs and the huge amount of staff needed to run it, it's proven to be quite a money pit. The problem with buying used cars is that, even if they started off being cheap, they often turn into money pits as they start breaking down.