adjective describing the condition of being in a difficult financial situation
preposition indicating the position or location of being in financial straits
The term 'in financial straits' is most relevant in the field of finance, where it is used to describe a situation of financial difficulty or hardship.
In economics, 'in financial straits' can be used to refer to a state of financial crisis or instability.
In banking, 'in financial straits' could signify a customer who is struggling to meet their financial obligations.
Within business management, the phrase 'in financial straits' may indicate a company facing financial challenges that could impact its operations.
In the context of personal finance, 'in financial straits' is used to describe an individual or household experiencing financial troubles.
A writer may use the term 'in financial straits' to describe a character in their story who is facing severe financial difficulties.
A psychologist may use the term 'in financial straits' to describe a patient who is experiencing financial stress that is impacting their mental health.
A financial analyst may use the term 'in financial straits' to describe a company that is facing bankruptcy or insolvency.
A social worker may use the term 'in financial straits' to describe a family or individual who is struggling to make ends meet and is in need of financial assistance.
An accountant may use the term 'in financial straits' to describe a client who is facing financial difficulties and may need to restructure their finances.