tightness (of money, financial conditions, etc.); pressure; stringency
being strained (of a situation); being tense; being pressing; being tough
最近、家計が逼迫しています。
Recently, our household finances have been tight.
逼迫した状況で冷静に対応した。
I responded calmly in a tight situation.
予算が逼迫したので、節約します。
Since the budget became tight, I'll economize.