adjective
describing the condition of being in a difficult financial situation
preposition
indicating the position or location of being in financial straits
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The company found itself in financial straits after several quarters of declining revenue.
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My friend is in financial straits and is looking for a job to help pay off his debts.
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I heard John is in some serious financial straits right now, he might need to borrow some money.
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The country was in financial straits, with its economy on the brink of collapse.