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1. (n.) smart money
money invested or wagered by experienced investors or bettors.
2. smart money
such knowledgeable investors or bettors.
3. smart money
Law. punitive or exemplary damages.
Etymology: (1685–95)
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| Definition of 'smart money' |
Princeton's WordNet |
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1. (noun) smart money
money bet or invested by experienced gamblers or investors (especially if they have inside information)
2. (noun) punitive damages, exemplary damages, smart money
(law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
3. (noun) smart money
people who are highly experienced or who have inside information
"the smart money said Truman would lose the election"
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Definitions of smart money 
