Pick Up The Tab

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The termPick Up The Tabis an internet slang phrase that means taking responsibility for paying the bill or covering the costs. It is commonly used to imply that someone is expected to pay for something.

Examples:

My friends invited me to dinner, but I forgot my wallet at home. Thankfully, one of them offered to pick up the tab.
When a group of us went out for drinks, I volunteered to pick up the tab because it was my friends birthday.

Synonyms:
treat, pay for, cover, foot the bill
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