Definition of press money in English:

press money

(also prest money)

noun

  • 1historical, rare Money paid in advance as wages or against expenses to be incurred. Compare prest .

  • 2historical Money paid to a sailor or soldier on enlistment, the acceptance of which was held to constitute legal proof of his engagement.

Origin

Late Middle English. From prest + money.

Pronunciation

press money

/ˈprɛs ˌmʌni/