a hard, smooth-textured cheese, made usually from the whole milk of cows and varying in color from white to deep yellow and in flavor from mild to sharp as it ages.
Also called cheddar cheese.
Origin: 1655–65; named after Cheddar, village in Somersetshire, England, where it was first made
n. money; cash. (Streets. From cheddar. See also cheese = money.) : Shizzle! I'm out of chedda. , I'm totally out of cheddar. Can you loan me a Benji?
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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Word Origin & History
cheddar
1661 (but the cheese was presumably made long before that), from Cheddar, a village in Somerset, England, where it was originally made, from O.E. Ceodre (c.880), probably from ceodor "ravine" (there is a nearby gorge).
[ched-er] 
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