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prest money

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noun British Obsolete.
a sum of money advanced to men enlisting in the navy or the army, given to bind the bargain and as an inducement.
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Also called press money, prest.

Origin of prest money

late Middle English word dating back to 1400–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

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