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Meaning of SMART MONEY

 
WordNet Dictionary
 
 Definition: 
  1. [n]  people who are highly experienced or who have inside information; "the smart money said Truman would lose the election"
  2. [n]  (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
  3. [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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