Definition of eat into in English:

eat into

phrasal verb

  • 1Erode or destroy something gradually.

    ‘these liquids can discolour the surface or even eat into the top layer of concrete’
    • ‘Of course, charges and inflation are both eating into the profit.’
    • ‘Transaction costs on small trades can eat into your profits.’
    • ‘Much more hope was placed in diminishing the burdens on production which ate into profits.’
    • ‘Lending will expand at a faster rate because the lower interest rates are eating into banks' revenues from government bonds.’
    • ‘The fear was that higher interest rates will eat into corporate earnings, slash investment spending and lead to job losses.’
    • ‘Bankers have previously warned that raising the reserve requirement would eat into bank profit margins and raise the cost of funds and hence increase the interest rate charged to borrowers.’
    • ‘Oil has jumped nearly 60 percent so far this year, stoking concerns that higher energy costs will eat into corporate profits and curb consumer spending.’
    • ‘But to suspend the wires above the ceiling would cost £10,000 per bed, a cost which would eat into already stretched resources.’
    • ‘That cuts to the heart of Hollywood's distribution system and eats into studio profits, even as it simultaneously creates new revenue opportunities.’
    • ‘But it is still uncertain how much of the bigger tab companies will be able to pass through to consumers, and how sharply the costs will eat into profit margins.’
    1. 1.1 Use up (profits, resources, or time)
      ‘sales were hard hit by high interest rates eating into disposable income’
      • ‘That cuts to the heart of Hollywood's distribution system and eats into studio profits, even as it simultaneously creates new revenue opportunities.’
      • ‘But to suspend the wires above the ceiling would cost £10,000 per bed, a cost which would eat into already stretched resources.’
      • ‘Oil has jumped nearly 60 percent so far this year, stoking concerns that higher energy costs will eat into corporate profits and curb consumer spending.’
      • ‘But it is still uncertain how much of the bigger tab companies will be able to pass through to consumers, and how sharply the costs will eat into profit margins.’
      • ‘Lending will expand at a faster rate because the lower interest rates are eating into banks' revenues from government bonds.’
      • ‘The fear was that higher interest rates will eat into corporate earnings, slash investment spending and lead to job losses.’
      • ‘Transaction costs on small trades can eat into your profits.’
      • ‘Of course, charges and inflation are both eating into the profit.’
      • ‘Much more hope was placed in diminishing the burdens on production which ate into profits.’
      • ‘Bankers have previously warned that raising the reserve requirement would eat into bank profit margins and raise the cost of funds and hence increase the interest rate charged to borrowers.’