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1.
A person who knowingly purchases stolen goods to sell on.
the fence promised me 50 for the car radio.
by Angus Prune April 17, 2003
 
2.
A buyer or seller of stolen merchandise.
"I got this sweet iPod from my fence on the south side."

"Hey Sarge, I hear one of your contacts fingered a fence last night."
by Donald Beckwith August 14, 2006
 
3.
A trustworthy individual who acts as a middle man between a seller and a network of buyers in black market exchanges, especially those relating to illegal goods. Usually helps facilitate the sale process and is in place to keep the seller (and, consequently, posesser) of the illegal goods from getting set up or screwed over.

Origins: The idea that the fence around the yard keeps the neighbors and cops from looking in and seeing what people are doing.
Fence (on phone to dealer) ~ Yo I got these people who are gonna want a cut, I'll be over in an hour

Dealer ~ Okay man that's $40

Fence ~ okay (calls buyer) I've got your shit, meet me at the Plaza in two hours with $40
by teezy33 November 10, 2006
 
4.
a word that can describe an event or object that can either mean positive or negative things.
Jenna Tuthill cannot know what fence means
"Woah last night was soooo fence"
"Ew that guy is totally fence"
by kgjhfgke August 08, 2012
 
5.
A fence is what you take when someone suggests that you obtained goods illegally.
Don't take a fence, but did you really pay fifteen hundred quid for an Yves St Laurent suit that doesn't fit?
by Urban-Joe May 27, 2012
 
6.
The Border line between two things, most often used to describe the borderline between gay and straight.
Example From Death Note:

L Chains himself to Light by the wrist, using handcuffs

Misa: Oh are you on THAT side of the fence Ryuzaki?

Real Life Example:

Person1: Yo, you heard that Ryan crossed the fence recently?
Person2: Woah! you mean he's gay!?
by xxIcexx February 25, 2008
 
7.
Slang synonym for "cool", used to describe an event, an object, a person, or a feeling.
(Event): "That concert was the fence!"
(Object): "That canary yellow blouse looks so fence on you!"
(Person): "You're fence."
(Feeling): "I felt on top of the fence on that stage!"
by "Boots" February 14, 2008