› [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.