smart money

American  

noun

1. money invested or wagered by experienced investors or bettors.

2. such knowledgeable investors or bettors.

3. Law. punitive or exemplary damages.

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smart money British  

noun

1. 1. money bet or invested by experienced gamblers or investors, esp with inside information

   2. the gamblers or investors themselves

2. money paid in order to extricate oneself from an unpleasant situation or agreement, esp from military service

3. money paid by an employer to someone injured while working for him

4. law damages awarded to a plaintiff where the wrong was aggravated by fraud, malice, etc

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Etymology

Origin of smart money

First recorded in 1685–95

Related Words

• asset
• contribution
• expenditure
• expense
• finance
• financing
• grant
• loan
• money
• property
• purchase
• stake
• transaction
• venture