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English definition of “hole”

hole

noun     /həʊl/
[C] a loss or an amount that cannot be explained : He's a fund manager who has fashioned a career by finding the holes in financial statements . The company has revealed a £20m hole in its pension fund because of collapsing share markets .
be in a hole UK informal to be in a difficult situation : We've lost the order and we're in a bit of a hole.
in the hole US informal in debt : the account is $143 in the hole
make a hole in sth to reduce an amount of money by a lot: The price of travel can make a hole in even the deepest pocket .
(Definition of hole noun from the Cambridge Business English Dictionary © Cambridge University Press)
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