smart moneyn.1
/ˈsmɑːt ˌmʌni/, U.S. /ˈsmɑrt ˌməni/ 1.
a. An allowance paid to sailors and soldiers as compensation for disability or injury received while in service; (also) a similar payment made to workers (such as miners) for injury received at work. Now chiefly historical.
ΘΚΠ
society > trade and finance > fees and taxes > compensation > [noun] > for injury > while on duty or at work
smart money1676
1676 C. Molloy De Jure Maritimo i. xiv. 145 He, of his Royal Bounty, hath given to those that bear the character of War, and purchase the same by their fidelity and valour, a pious Bounty called Smart Money, over and above their Pay.
1696 N. Luttrell Diary in Brief Hist. Relation State Affairs (1857) IV. 28 No seaman..not registred shall have any smart money.
1758 J. Blake Plan Marine Syst. 62 To say nothing of smart-money, those in the navy are entitled to short allowance money.
1809 R. Langford Introd. Trade 112 Also to all such pensions, salaries, smart-money,..which..may be due.
1848 Eng. & Foreign Mining Gloss. (Newcastle terms) 128 Smart money, money paid weekly by the owners to persons who have received an injury in the work.
1902 Parl. Deb. 4th Ser. 108 784 He will arrange to give to the Inspectors of Mines power to report all cases of smart money and compensation paid by the collieries in their districts.
1959 S. E. Morison John Paul Jones xiv. 250 From Holland Jones returned him home in his own boat, with ‘smart money’ of 100 ducats (about $250) in hand.
1986 I. K. Steele Eng. Atlantic ii. ix. 174 Crewmen were given no ‘smart money’ if injured, nor did they have access to Greenwich hospital, which was reserved for wounded naval seamen.
2004 P. Dickson War Slang (ed. 2) i. 22/1 Smart money, an allowance of money granted to soldiers, sailors, Marines, and others of the fighting forces of the United States who have been wounded or injured in the line of duty.
b. gen. Any compensation made for injury or other loss; (U.S. Law) = punitive damages n. at punitive adj. Compounds.
ΘΚΠ
society > trade and finance > fees and taxes > compensation > [noun] > for injury
smart money1707
utu1828
1707 C. Cibber Double Gallant iv. i. 57 His Wound Madam, I know he does not value it of a Rush: for he'll have the Devil and all of Actions against the Rogues, for false Imprisonment, and smart Mony.
1749 H. Fielding Tom Jones I. iii. viii. 198 Mr. Allworthy gave Tom Jones a little Horse, as a kind of smart Money for the Punishment. View more context for this quotation
1851 A. M. Burrill New Law Dict. ii. 936 Smart-Money,..damages beyond the value of a thing sued for, given by a jury in cases of gross misconduct or cruelty on the part of a defendant.
1890 H. Caine Bondman ii. i He..sent Adam Fairbrother an instant warning, with half-a-year's salary for smart money.
1922 Law Notes Apr. p. ii. (advt.) If a man knocks another down for using insulting language to him, is he liable to pay ‘smart money’?
1946 Harvard Law Rev. 60 20 The refusal to retract on request would lay the journal open to pay smart-money.
1968 J. Minattur tr. in D. C. Buxbaum Family Law & Customary Law in Asia i. ii. 36 For wounding smart-money is the penalty.
1996 V. R. Fontana Munic. Liability II. (ed. 2) xiv. 364 Punitive damages are also sometimes referred to as ‘smart money’.
2.
a. Money paid to obtain the discharge of a recruit who has enlisted in the army. Now historical.
ΘΚΠ
society > trade and finance > fees and taxes > ransom > [noun] > payment for discharge of recruit
ticketa1599
smart money1760
smart1802
1760 Cautions & Advices to Officers of Army 144 This Sum the Officer generally divides among his Recruiting Party,..and the more there are who pay this Smart-money, as they call it, the more they share.
1779 Ann. Reg. 1778 196 The law..gives a certain time for those who are inlisted to get off, upon returning the inlisting money and what is called the smart money.
1844 Queen's Regulations & Orders Army 390 When Recruits are set at liberty by a magistrate, on the payment of smart-money.
1894 Daily Tel. 11 Jan. 5/7 When a young man he enlisted, but his father paid the smart money,..and secured his release.
1900 Navy & Army Illustr. 20 Oct. 99/1 In London he took the Queen's shilling for the 17th Lancers, and got off by paying smart money.
1997 M. Levi Consent, Dissent & Patriotism iii. 53 Those who had accepted the King's shilling the night before were not always so happy the morning after. Some..paid ‘smart money’ of approximately a pound to be excused.
b. Money paid on account of cancelling or not fulfilling a bargain or agreement, or in order to free oneself from some disadvantage or encumbrance.
ΘΚΠ
society > trade and finance > fees and taxes > compensation > [noun]
yield601
angildeOE
maegboteOE
allowancea1325
finea1400
boota1450
reparationa1460
contentation1467
disdomage1502
contention1516
regard1568
contentment1603
atonement-money1611
satisfaction1621
satisfaction money1651
content1689
compensation1804
smart money1817
hoot1820
indemnization1836
compo1941
MCA1973
1817 W. Scott Rob Roy II. xiv. 308 He accomplished the exchange..; nor did I hear further of his having paid any smart-money for breach of bargain.
1821 Blackwood's Edinb. Mag. Nov. 396/1 The guinea of smart-money, which..was paid by the unfortunate victim of crimping.
1901 W. O. Stoddard Montanye xx. 153 ‘We'll have to pay smart money again, after we get there,’ said Captain Wilton to his mate, ‘but it's our only chance. We'll load for home with sugar. It's all ready there to come on board.’
2003 What Papers Say (Russia) (Nexis) 4 Aug. According to the media, the picturesque intrigue was as follows: furniture stores controlled by FSB did not pay ‘the smart money’ for furniture smuggling to the customs service.
ΘΚΠ
society > trade and finance > fees and taxes > illegal payment or exaction > [noun] > extorted from prisoners or workers
garnish1592
garnish-moneya1637
smart money1834
1834 Metrop. Mag. May 180/2 The cash was already obtained at the pawnbrokers and the new comer had paid in his smart money.
1856 T. De Quincey Confessions Eng. Opium-eater (rev. ed.) in Select. Grave & Gay V. 151 I have always looked upon this fine of five or seven shillings (for wax that you do not absolutely need) as a sort of inaugural honorarium entrance-money, what in jails used to be known as smart money.
This entry has been updated (OED Third Edition, March 2013; most recently modified version published online March 2022).
smart moneyn.2
/ˈsmɑːt ˌmʌni/, U.S. /ˈsmɑrt ˌməni/ Originally U.S.
Money bet or invested by those with expert or inside knowledge; (also) such people collectively. Also figurative.Frequently in the smart money is on (someone or something that is favoured).
ΘΚΠ
society > trade and finance > financial dealings > types of money-dealing > [noun] > investment > money invested
stocka1763
investment1785
lock-up1866
smart money1893
ploughback1939
switch dollar1964
1893 Chicago Sunday Tribune 15 Jan. 4/1 In the handicap Glenoid, substantially supported by the smart money,..won handily by three lengths.
1902 Munsey's Mag. Mar. 850/2 Neither the bookmakers nor their runners could hear of what is known as the ‘smart money’ coming into the ring.
1930 W. R. Burnett Iron Man i. 5 ‘Well,’ said Regan, ‘all the smart money's on the black boy.’
1977 H. Fast Immigrants ii. 87 Germany has declared war on Russia, and the smart money says that this is only the beginning.
1985 T. Waits Time (song) in Rain Dogs (CD lyrics booklet) Well the smart money's on Harlow And the moon is in the street. The shadow boys are breaking all the laws And you're east of East St Louis.
1999 Esquire Sept. 70 The smart money's on '40s-style French Furniture..which is plain enough not to offend post-Eames tastes but has a decorative flair that tickles the eye.
2009 New Yorker 5 Oct. 32/3 History has demonstrated that much of the so-called ‘smart money’ aims at getting in ahead of the crowd, and that only adds to the mispricing.
This entry has been updated (OED Third Edition, March 2013; most recently modified version published online March 2022).
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