Bleed

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Bleed

1. To lose money in a venture or investment over time. Bleeding may occur fast or slowly, but never improves. See also: Stop the bleeding.

2. To extract an excessively high price in a transaction or venture under threat of force or some other harm. Bleeding in this sense is illegal.
References in periodicals archive ?
The duo have worked together for nearly a decade, since privatising Petrol in 2000, but Ershov now claims that Subev's gambles on oil futures have cost Petrol 190 million leva in 2007/08, bleeding dry the company's wholesale subsidiary Naftex.
lightblueisbest No, but when I had a gambling problem not so long ago they were fully aware of my multiple daily deposits with up to 20 or so online bookies and their response to the bleeding dry of my bank account was to increase my overdraft and offer me credit cards.
What is the point hoping to inspire more people to take up sport by watching the Olympics but systematically bleeding dry the base of the performance pyramid?