Meaning of the word "under the wire" in English

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

under the wire

US /ˈʌndər ðə waɪər/
UK /ˈʌndə ðə waɪə/
"under the wire" picture

Idiom

just barely in time; at the last possible moment

Example:
We finished the project just under the wire.
She submitted her application right under the wire.