Usually means: Highest price someone is willing.
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We found 14 dictionaries that define the word top dollar:

General (13 matching dictionaries)
  1. top dollar: Longman Dictionary of Contemporary English
  2. top dollar: Merriam-Webster
  3. top dollar: Oxford Learner's Dictionaries
  4. top dollar: American Heritage Dictionary of the English Language
  5. top dollar: Collins English Dictionary
  6. top-dollar: Wordnik
  7. top dollar: Wiktionary
  8. top dollar: The Wordsmyth English Dictionary-Thesaurus
  9. top dollar: Dictionary.com
  10. top dollar: TheFreeDictionary.com
  11. top dollar: Infoplease Dictionary

Slang (1 matching dictionary)
  1. top dollar: Urban Dictionary

Definitions from Wiktionary (top dollar)

noun:  (chiefly US, idiomatic) The maximum amount of money that an item, service, or worker is worth; a very high price.

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