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English definition of “eat into sth”

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eat into sth

verb [I or T] uk phrasal verb with eat   /iːt/ (ate, eaten) us  
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.
(Definition of eat into sth from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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