Let’s get started! What Does $ Mean in Excel ? In Excel , the dollar sign $ is a symbol you use in formulas to make cell references absolute rather than relative. By default, there are no $ symbols before column and row references and all cell references are relative. Learn what the $ sign means in Excel formulas and how to use it to create relative, absolute, and mixed references. 2 meanings: 1. to be superior to (another or others); surpass 2. to be outstandingly good or proficient.... Click for more definitions. Definition of excel verb in Oxford Advanced Learner's Dictionary. Meaning , pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.