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English definition of “eat into sth”

eat into sth

phrasal verb with eat     /iːt/ verb [I or T] (ate, eaten)
to use or take away a large part of something valuable, such as money or time: The high cost of living in London is eating into my savings.Using and misusing
(Definition of eat into sth from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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