From Longman Dictionary of Contemporary Englishsugar daddyˈsugar ˌdaddy noun [countable] informalSY an older man who gives a young person presents and money in return for their company and often for sex
Examples from the Corpus
sugar daddy• She always had a sugar daddy.• A bill comes in and along comes sugar daddy with a loan, you can t resist it.• The point is that Sun's kind of sugar daddy is neither uncommon, illegal or even fattening. 