Collins COBUILD Advanced Learner's English Dictionary - hike

(hikes, hiking, hiked) 1. A hike is a long walk in the country, especially one that you go on for pleasure. = walk N-COUNT 2. If you hike, you go for a long walk in the country. You could hike through the Fish River Canyon... We plan to hike the Samaria Gorge. VERB: V prep/adv, V n • hiking ...heavy hiking boots. N-UNCOUNT: oft N n 3. A hike is a sudden or large increase in prices, rates, taxes, or quantities. (INFORMAL) ...a sudden 1.75 per cent hike in Italian interest rates... = rise, increase N-COUNT: usu supp N 4. To hike prices, rates, taxes, or quantities means to increase them suddenly or by a large amount. (INFORMAL) It has now been forced to hike its rates by 5.25 per cent... = raise VERB: V n • Hike up means the same as hike. The insurers have started hiking up premiums by huge amounts... Big banks were hiking their rates up. PHRASAL VERB: V P n (not pron), V n P