Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Slang A wealthy, usually older man who gives expensive gifts to a young person in return for sexual favors or companionship.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A man who spends money for the benefit of a younger person, especially a younger woman.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a wealthy older man who gives a young person expensive gifts in return for friendship or intimacy

Etymologies

Apparently from slang sugar "money" and colloquial daddy "father". (Wiktionary)

Examples

  • Looks like S’s sugar daddy has errands to run, Purcell mused.

    Etched in Bone

  • The older guy looked like a nance to me, like a sugar daddy type.

    The Big Nowhere

  • Putting the possible animal mutilations out of mind, he had one hard lead: the tall, gray-haired man — a sugar daddy capable of glomming heroin, hypodermic syringes and talking a reformed junkie into geezing up on the spot and ditching his New Year’s Eve gig.

    The Big Nowhere

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