Meaning of the word pony-up in English

What does pony-up mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

pony-up

US /ˈpoʊ.ni/
UK /ˈpəʊ.ni/

to pay (a particular amount of money) for something :

Example:
As well as putting up his own cash, he persuaded others to pony up.