smart money
1 of 2noun (1)
ˈsmärt-ˌmə-nē 
: punitive damages
smart money
2 of 2noun (2)
ˈsmärt-ˈmə-nē
-ˌmə-nē
1
: money ventured by one having inside information or much experience
2
: well-informed bettors or speculators
Word History
Etymology
Noun (1)
smart entry 3
Noun (2)
smart entry 1
First Known Use
Noun (1)
1707, in the meaning defined above
Noun (2)
1926, in the meaning defined at sense 1
Legal Definition
smart money 1 of 2
noun
: punitive damages at damage 2
smart money
2 of 2noun
1
: money invested by one having inside information or much experience
2
: well-informed investors or speculators