Noun: smart money
- People who are highly experienced or who have inside information
"the smart money said Truman would lose the election"
- Money bet or invested by experienced gamblers or investors (especially if they have inside information)
"The smart money was on the tech stocks to rise"
- (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or wilful misconduct)
"The jury imposed smart money on the company for knowingly selling defective products";
- punitive damages, exemplary damages
Type of: amends, damages, indemnification, indemnity, people, redress, redressal [Asia], restitution, speculation, venture
Encyclopedia: Smart money