Simple past tense and past participle of straiten.(verb)
Squeezed or confined(adjective)
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Use "straitened" in a sentence
"The policy is defensible as the fairest approach to university finances in straitened times."
"Instead, in straitened times, it is money that has had the final word."
"Ok, but be fair … Grant came into possession of ONE slave, and set him free, even though Grant was in straitened financial circumstances and could have done with the money."