What does the “$” sign mean in jQuery or JavaScript? [duplicate]

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In JavaScript it has no special significance (no more than a or Q anyway). It is just an uninformative variable name.

In jQuery the variable is assigned a copy of the jQuery function. This function is heavily overloaded and means half a dozen different things depending on what arguments it is passed. In this particular example you are passing it a string that contains a selector, so the function means “Create a jQuery object containing the element with the id Text“.

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