Definitions for: Smart Money

[n] people who are highly experienced or who have inside information; "the smart money said Truman would lose the election"
[n] (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
[n] money bet or invested by experienced gamblers or investors (especially if they have inside information)

Synonyms: exemplary damages, punitive damages

See Also: amends, damages, double damages, indemnification, indemnity, people, redress, restitution, speculation, treble damages, venture

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