Definition of press money in English:

press money

(also prest money)

noun

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

  • 2Money 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. In some forms probably partly influenced by press, press.

Pronunciation

press money

/ˈprɛs ˌmʌni/