v. to make an assist in basketball i.e. to pass the ball to a teamate who then successfully scores a basket. Usually this term is used in streetball competitions.
Alex did not score many points in yesterday's basketball game but he led the team with ten assists by constantly dropping dimes.
the act of snitching, ratting, or otherwise disclosing information meant to hurt or discredit someone else. This a play on tips and selling someone out.
"Shit, Joey dropped the dime on me skippin class. Man, I'ma kill that motherfucker!"