The phrase "in a financial bind" means to be in a difficult or tight financial situation, where one may not have enough money to cover their expenses or debts. Full definition
Some policies provide end - of - life and funeral expenses only, ensuring your Alaska loved ones aren't put in a financial bind as they grieve their loss. (trustedchoice.com)
Life insurance is only necessary if, in the event of your death, people would be left in a financial bind without some sort of resource. (lifeinsurancepost.com)
For example, many people are unaware of just how much a funeral can cost — and if there are no plans made ahead of time for paying these expenses, it could put your loved ones in a financial bind if the unexpected should occur. (burialinsuranceplans.org)