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2017 Word of the Year

hot money

noun, Informal.
1.
funds transferred suddenly from one country to another chiefly to avoid depreciation in value or to take advantage of higher interest rates.
Origin of hot money
1925-1930
First recorded in 1925-30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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British Dictionary definitions for hot money

hot money

noun
1.
capital transferred from one financial centre to another seeking the highest interest rates or the best opportunity for short-term gain, esp from changes in exchange rates
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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