Meanings
How to pronounce "money pit":
AU
A possession or financial commitment, especially a building or vehicle, that creates substantial ongoing expenses, especially one whose costs are considered to be unsustainable.
Long-standing nickname of a complicated, seemingly man-made excavation on Oak Island in Nova Scotia, Canada, rumored to contain pirate treasure and which has been repeatedly and unsuccessfully probed at great expense.
Example Sentences
1
Buying that vintage sports car turned out to be a real money pit.
2
The old Victorian house they bought became a money pit due to its constant need for repairs.
3
After investing in that failing restaurant, he realized it was nothing but a money pit.
4
Her designer clothing addiction has become a serious money pit.
5
The abandoned property he purchased turned out to be a money pit with countless hidden issues.