Definitions from Wiktionary (smart money)

▸ noun:  (collective, finance) Experienced, well-informed investors, gamblers, etc. considered as a group.
▸ noun:  The money invested or bet by such people; by extension, the opinions of such people.
▸ noun:  Money paid by a person to buy himself off from some unpleasant engagement or some painful situation.
▸ noun:  (military, historical) Money allowed to soldiers or sailors, in the English service, for wounds and injuries received; also, a sum paid by a recruit, previous to being sworn in, to procure his release from service.
▸ noun:  (law) Vindictive or exemplary damages; damages beyond a full compensation for the actual injury done.
▸ Also see smart_money


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