Definition of "smart money" []

• Games Bets or a bet placed by experienced gamblers or those having privileged information. (noun)
• Informal Experienced, well-informed investors: Smart money is supporting the conservative presidential candidate. (noun)
• Informal Investments made by people experienced and well informed in matters of finance. (noun)
• Law Compensation beyond the value of actual harm, awarded by a jury in cases of gross negligence or willful misconduct. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "This smart money is then shifted into long-range, less-liquid investments more on this later, which generate wealth-producing rates of return—rates well in excess of 20 percent per year."
• "Do try & get some one to do your work. never mind the cost I think I will be able to make smart money now & if loose all these we will still have plenty here. do make yourself comfortable if possible And if you cant get along comfortable put some one in the house & come on out to me bring the family & such things as you can work out & come here I can fix you comfertoble here You might from time to time send things to the country, & when get some of most important out get Aunt Peggy or Uncle Jim - to move in the house with you, and a few days after you start & come out, & we can still send for some of the things & get them out You must not allow yourself to be imposed upon or suffer exposure there, for the sake of our little property. let it go & you take care of your self & family."