money given to children as a gift on Chinese New Year's Eve
Definitions (粵典–words.hk)
名詞、大陸
新年時長輩俾後輩嘅利是，係紅色嘅紙包仔，入面係錢。 red packet with money inside, given by the older generation to the youngsters in Chinese New Year.
近義詞
利是
Definitions (Wiktionary)
noun
money given to children during the Chinese New Year, usually in a red envelope (syn.) 压腰钱, 壓腰錢, 生帶錢, 生带钱, 硩年錢, 硩年钱, 硩腰錢, 壓歲鈿, 压岁钿, 坠岁钱, 墜歲錢, 硩腰钱