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hot money

noun, Informal.
1.
funds transferred suddenly from one country to another chiefly to avoid depreciation in value or to take advantage of higher interest rates.
Origin
1925-1930
1925-30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for hot-money

hot money

noun
1.
capital transferred from one financial centre to another seeking the highest interest rates or the best opportunity for short-term gain, esp from changes in exchange rates
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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