|
Definition of Money pit
1. Noun. (idiomatic) A possession or financial commitment that creates substantial ongoing expenses, especially one whose costs are considered to be unsustainable. ¹
2. Noun. (sometimes capitalized) 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. ¹
¹ Source: wiktionary.com