Price tag literally refers to the label on a product showing its price.
In slang usage, price tag can mean:
1. The cost or consequences of something (not necessarily monetary)
2. In pop culture, from Jessie J's song "Price Tag" - emphasizing that money isn't everything
3. Figuratively, the "value" or "worth" of a person or thing
Example sentences:
- "Check the price tag before you buy it."
- "Success comes with a heavy price tag."
- "Forget about the price tag (from the song lyrics)"