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    smart money

    smart money - Dictionary definition and meaning for word smart money

    (noun) money bet or invested by experienced gamblers or investors (especially if they have inside information) Definition
    (noun) (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct) Definition
    (noun) people who are highly experienced or who have inside information
    Example Sentence
    • the smart money said Truman would lose the election
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