mad money

noun Informal.

a small sum of money carried or kept in reserve for minor expenses, emergencies, or impulse purchases.

a small sum of money carried by a woman on a date to enable her to reach home alone in case she and her escort quarrel and separate.

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Origin:
1915–20

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Mad money is always a great word to know.

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an extraordinary or unusual thing, person, or event; an exceptional example or instance.

a stew of meat, vegetables, potatoes, etc.

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Slang Dictionary

mad money definition

n.
money to be spent in a frivolous fashion. : This is my mad money, and I'll do with it as I please.

Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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Matching Quote

"Before the birth of the New Woman the country was not an intellectual desert, as she is apt to suppose. There were teachers of the highest grade, and libraries, and countless circles in our towns and villages of scholarly, leisurely folk, who loved books, and music, and Nature, and lived much apart with them. The mad craze for money, which clutches at our souls to-day as la grippe does at our bodies, was hardly known then."

-Rebecca Harding Davis