Meaning of the word "Pay through the nose" in English

What does "Pay through the nose" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Pay through the nose

US /peɪ θruː ðə noʊz/
UK /peɪ θruː ðə nəʊz/

Idiom

to pay a very high price for something

Example:
We had to pay through the nose for the repairs after the accident.
If you want to stay in a hotel near the beach during peak season, you'll have to pay through the nose.