Meaning of the word straitened in English

What does straitened mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

straitened

US /ˈstreɪ.tənd/
UK /ˈstreɪ.tənd/

Adjective

(of finances) characterized by a lack of money; restricted

Example:
The family found themselves in straitened circumstances after the job loss.
Due to straitened resources, they had to cut back on expenses.