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Definitions by Rongo!

buyfriend 

A boyfriend (usually older and well-off) whose only or main attraction is the fact that he buys the girl everything. A sugar daddy.

Usually an older, well off gentleman who attracts a younger, beautiful woman by lavishing her with gifts and other forms of support in exchange for sex and companionship.

A woman who has a buyfriend is commonly called a gold digger.
That girl doesn't want a boyfriend, she wants a buyfriend who will support her!
buyfriend by Rongo! October 5, 2009