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jack up (1) Informal

Meaning: to increase the price or the cost of something by a large amount

Synonym: increase, raise

For example:

  • jack up sth Hotels usually jack up their room rates over the summer.

  • jack sth up Our landlord never spends any money on improving the apartments, but he still wants to jack the rent up every year.

Nouns often used as objects with
jack up (1): price, cost, rent, rate, amount, fees, fares

Quick Quiz:

If a company jacks up its prices, its customers will have to
  1. pay more
  2. buy more
  3. lend more

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