Why is this the answer?

The answer is tie because this is a very clever riddle that uses one simple word with two big meanings. Think of the word "tie" as a secret code that works for two different things. First, let us look at the first clue: "There are two meanings to me." One meaning of "tie" is the colorful piece of clothing that grown ups wear around their necks for a fancy event or to work. You have to learn how to tie a good knot so it stays perfect. The other meaning is when two teams have the exact same score at the end of a game, like a soccer game or a basketball game. That is also called a "tie." Next, the riddle says, "With one I may need to be broken." Imagine a big championship soccer game. When the final whistle blows and the score is 2 to 2, the game is a tie. The two teams are perfectly even. The only way to find a winner is to "break the tie" by playing extra time or having a penalty shootout. That extra play is called a tiebreaker. So, that meaning of the word "tie" needs to be broken so someone can finally win the trophy. The next part of the riddle gives us a hint for the other meaning: "with the other I hold on." This refers to how a knot works. When you tie your shoelaces, you make a strong, perfect knot that "holds on" to keep the shoes tight on your feet all day long. A physical tie is a strong connection. Even the necktie itself "holds on" around your neck, staying in place thanks to the careful knot you make. Finally, the riddle mentions its "charming dimple." This is the best clue that points to the necktie. When a person ties a necktie very carefully, they make a neat, small, perfect fold right underneath the main knot. This little fold is called a dimple because it looks just like the cute dimple on a person's cheek when they smile. It makes the tie look very handsome and special. So, the simple word "tie" fits all of these different and smart clues.