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smart money

noun

1 smart money

Money bet or invested by experienced gamblers or investors (especially if they have inside information).

Roget 973: reward, recompense, remuneration, meed, guerdon, reguerdon; price.    [payment for damage or debt] indemnity, indemnification; quittance; compensation; reparation, redress, ... show more



2 smart money

law Compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct).

synonyms: exemplary damages, punitive damages.

3 smart money

People who are highly experienced or who have inside information.


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