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