smart money

Noun

  • Experienced, well-informed investors, gamblers etc considered as a group.
  • The money invested or bet by such people; by extension, the opinions of such people.
  • Money paid by a person to buy himself off from some unpleasant engagement or some painful situation.
  • Money allowed to soldiers or sailors, in the English service, for wounds and injuries received; also, a sum paid by a recruit, previous to being sworn in, to procure his release from service.
  • Vindictive or exemplary damages; damages beyond a full compensation for the actual injury done.

Modern English dictionary

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