Meaning of the word "hard up" in English

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

hard up

US /ˌhɑːrd ˈʌp/
UK /ˌhɑːd ˈʌp/

Adjective

having very little money; poor

Example:
After losing his job, he was really hard up for cash.
They're a bit hard up since the recession.