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Meaning of 'Sharpen your pencil'

What does the saying 'Sharpen your pencil' mean?

Idiom: Sharpen your pencil

Meaning:

If someone says this when negotiating, they want the other person to make a better offer, a lower price.

Country: American English American English | Subject Area: General | Usage Type: Both or All Words Used
All idioms have been editorially reviewed. Submitted idioms may have been edited for correctness and completeness.
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