1809, Eng. dial. hyke "to walk vigorously," of unknown origin. The noun is from 1865. Sense of "pull up" (as pants) first recorded 1873 in Amer.Eng., and may be a variant of hitch; extended sense of "raise" (as wages) is 1867.
n. a monetary increase. : Another hike in the electric rates takes place this spring.
tv. to increase an amount of money. : I wanted them to hike my salary, but they refused.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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