A red envelope or red packet is a monetary gift which is given in Chinese society. The name comes from the red envelope in which the money is contained.
Red envelopes are often presented on social and family occasions such as a wedding reception or a holiday such as Chinese New Year in which context it is also known as yāsuì qián.
根据维基百科,“压岁钱”是狭义而言的“红包”(red envelope),因此,“压岁钱”可表达为“red envelope”或“red-envelope money”。或者,罗嗦一点,“压岁钱”也可说成“money given to children as a Lunar New Year gift”。