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smart money |
Also found in: Legal, Financial, Idioms, Wikipedia | 0.03 sec. |
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smart money n 1. (Group Games / Gambling, except Cards) a. money bet or invested by experienced gamblers or investors, esp with inside information b. the gamblers or investors themselves 2. money paid in order to extricate oneself from an unpleasant situation or agreement, esp from military service 3. (Business / Industrial Relations & HR Terms) money paid by an employer to someone injured while working for him 4. (Law) US Law damages awarded to a plaintiff where the wrong was aggravated by fraud, malice, etc. smart money - A phrase meaning money bet by those in the know, originating in 1926; earlier than that, it meant "money paid to sailors, soldiers, workers, etc., who have been disabled while on the job." See also related terms for sailors.
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