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A sum of money, often relatively small in amount, kept in reserve to use for impulsive, frivolous purposes.

Additional definitions for 'mad money':

mad moneyA sum of money kept in reserve or to insulate oneself financially in the event of the sudden breakdown of a relationship in which one is economically dependent.
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"mad money." Phrases.net. STANDS4 LLC, 2017. Web. 24 Nov. 2017. <http://www.phrases.net/phrase/mad-money_5223>.

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