An agreement; the “yeah” functions as affirmation, while the “no” could be replaced by the phrase “don’t worry.”.
"Look at those clouds; it might rain." "Yeah, no, the weatherman says it won't rain until at least next week."
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
See all Regional & Other slang on Slangora.