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3. pay an arm and a leg

pay an arm and a leg

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pay an arm and a leg (for something)

 and pay through the nose (for something)

Fig. to pay too much [money] for something. I hate to have to pay an arm and a leg for a tank of gas. If you shop around, you won't have to pay an arm and a leg. Why should you pay through the nose?

See also: and, arm, leg, pay