A derogatory term for alimony that was coined by radio shock jock Tom Leykis, who has defined vaginamoney as "paying for a vagina that you no longer have use of." Ex-wives who demand vaginamoney, according to Prof. Leykis, are prostitutes who expect ongoing monitary compensation for sexual favors provided in the past.
Professor Leykis told the male caller, "If a golddigging bitch divorces you after ten years of marriage in California, you'll be paying the bitch vaginamoney for the rest of your goddamn life."
by Sir Bullwhip October 15, 2006

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