from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A wealthy, usually older man who gives money or gifts to a younger person in return for sexual favors or companionship.
- noun A wealthy male benefactor to a charity or other cause.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun slang A
manwho spends moneyfor the benefit of a younger person, especially a younger woman.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a wealthy older man who gives a young person expensive gifts in return for friendship or intimacy
from Wiktionary, Creative Commons Attribution/Share-Alike License
Apparently from slang sugar "money" and colloquial daddy "father".
Sorry, no example sentences found.