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English definition of “strapped”

strapped

adjective
 
 
/stræpt/ informal
used to describe a person or organization that does not have enough money: economically/financially strapped They target financially strapped smaller companies for acquisition. At the end of the 90s, the International Monetary Fund was strapped for cash . → See also cash-strapped
(Definition of strapped from the Cambridge Business English Dictionary © Cambridge University Press)
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