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Adjective: on the nose
Usage: informal
  1. Being precise with regard to a prescribed or specified criterion
    "his guess was on the nose";
    - on the button [informal]
Adverb: on the nose
Usage: informal
  1. Just as it should be
    "'on the nose, my lord,' he said";
    - precisely, exactly, on the dot [informal], on the button [informal]

See also: precise

Encyclopedia: On the nose