Noun: smart money
- Money bet or invested by experienced gamblers or investors (especially if they have inside information)
- (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or wilful misconduct)
- punitive damages, exemplary damages
- People who are highly experienced or who have inside information
"the smart money said Truman would lose the election"
Type of: amends, damages, indemnification, indemnity, people, redress, redressal, restitution, speculation, venture
Encyclopedia: Smart money