<p><strong>Noun</strong></p><ul><li>Often Cheddar.</li><li>Also called cheddar cheese.</li><li>a hard, smooth-textured cheese, made usually from the whole milk of cows and varying in color from white to deep yellow and in flavor from mild to sharp as it ages.</li><li>Slang. money: The monthly grand prize is $200, and the yearly grand prize is $1,000—that's a lot of cheddar.</li></ul>