The 3rd paycheck in a calendar month that is usually viewed as a freebie, so a person has fun with that check instead of paying bills. A playcheck only happens twice a year.
This Friday I am going on a shopping spree because this is my playcheck.
by Derek Alexander Strong June 19, 2007
The paycheck that you receive on the off period of paying rent, so it can be dedicated to fun ether than going towards rent.
I got my playcheck yesterday, I'm gonna be a high roller tonight.
by The Otter Dictionary December 08, 2015