Usually means: Payment for compulsory military service.
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We found 6 dictionaries that define the word press money:

General (6 matching dictionaries)
  1. press money: Merriam-Webster
  2. press-money, press money: Wordnik
  3. Press money, press money: Dictionary.com
  4. press money: FreeDictionary.org
  5. Press money: TheFreeDictionary.com
  6. press money: Wiktionary

Definitions from Wiktionary (press money)

noun:  Synonym of earnest money (“money paid as a deposit”)
noun:  Alternative form of prest money (“money paid to enlisted men”) [(historical) Money paid to men when they enlisted into the British service.]

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