Definition of mad money
1 : discretionary money set aside for an emergency or for personal use Mad money is a bit of cash set aside for some personal fun …— Jerry Tarde I tell everyone I am semi-retired. The theory is to be able to find a few small side jobs to just make a little "mad money" using the skills acquired through a decades-long career.— Michael Baldauf Search the apartment or house carefully. Some people conceal cash or jewelry in their homes. If there is a library, look through the books. They are a favorite repository for mad money …— David Bernheim The Pine Wood Elementary P.T.A. in the county gives each teacher $100 for classroom "mad money."— Michael Winerip
2 old-fashioned : money that a woman carries to pay her fare home in case a date ends badly (as in a quarrel) I was born too late for mad money. By the time I was old enough to date, the idea that a woman would leave her house with just enough cash to get herself home was so anachronistic, it verged on ludicrous.— Rebecca Johnson
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