sugar-daddy

sugar daddy

noun Informal.
a wealthy, middle-aged man who spends freely on a young woman in return for her companionship or intimacy.

Origin:
1915–20

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
sugar daddy
 
n
slang a rich usually middle-aged or old man who bestows expensive gifts on a young person in return for companionship or sexual favours

Collins English Dictionary - Complete & Unabridged 10th Edition
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