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smart money

smart mon·ey


noun 
Definition:
 
1. wise investment or bet: money invested in or bet on something likely to yield a good profit

2. wise investors: people who know what to invest in or bet on to make a good profit

3. U.S. law damages awarded to punish defendant: damages awarded to a plaintiff in excess of the usual level of compensation to punish a defendant in cases of serious negligence or willful misconduct

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