noun
a young woman who receives financial support from an older, wealthier person in exchange for companionship or intimacy
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The concept of a sugar baby involves a financial arrangement between an older individual and a younger partner.
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My friend is considering becoming a sugar baby to help pay for her college tuition.
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She's basically a sugar baby, getting all her expenses covered by that wealthy guy she's dating.
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In a metaphorical sense, the sugar baby represents a dependence on external sources for support and validation.