n. a long walk usually for exercise or pleasure; "she enjoys a hike in her spare time"

n. the amount a salary is increased; "he got a 3% raise"; "he got a wage hike"

n. an increase in cost; "they asked for a 10% rise in rates"

v. walk a long way, as for pleasure or physical exercise; "We were hiking in Colorado"; "hike the Rockies"

v. increase; "The landlord hiked up the rents"