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Dictionary

  Definition of smart money
  1. people who are highly experienced or who have inside information; "the smart money said Truman would lose the election"
  2. (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
  3. money bet or invested by experienced gamblers or investors (especially if they have inside information)
Similar Words: punitive damages, exemplary damages

 

Hyponyms: double damages, treble damages

 

 
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