In the context of dating, a steady date is an exclusive date; it means that you don't date anyone else, just that one steady date. This is not necessarily a permanent condition; nothing prevents you from breaking off the arrangement, but as long as you have a steady date, you do not date anyone else (if you do, you are cheating). It's a bit like marriage except that it is not legally binding. You will not have to pay alimony, after breaking up with a steady date.
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