smart money

Origin

smart money

noun
1.
money invested or wagered by experienced investors or bettors.
2.
such knowledgeable investors or bettors.
3.
Law. punitive or exemplary damages.

Origin:
1685–95
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Smart money is always a great word to know.
So is incompetent. Does it mean:
data presented to a court or jury in proof of the facts in issue and which may include the testimony of witnesses, records, documents, or objects
being unable or legally unqualified to perform specified acts or to be held legally responsible for such acts
Collins
World English Dictionary
smart money
 
n
1.  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.  money paid by an employer to someone injured while working for him
4.  (US) law damages awarded to a plaintiff where the wrong was aggravated by fraud, malice, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

smart money
"money bet by those in the know," 1926, from smart (adj.). The same phrase earlier meant "money paid to sailors, soldiers, workers, etc., who have been disabled while on the job" (1693), from a noun derivative of smart (v.).
Online Etymology Dictionary, © 2010 Douglas Harper
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Slang Dictionary

smart money definition


  1. n.
    money belonging to smart or clever people. : Most of the smart money is going into utility stocks right now.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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