smart money

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

Investors who make profitable investment moves at the right time, no matter what the investing environment. In a bull market, such investors buy the stocks that go up the most. In bear markets, they sell stocks short that fall the most. Smart money investors also have access to information about companies, either positive or negative, in advance of when the typical small investor learns of it. The term is also used in a more general sense to convey what sophisticated investors are doing now. Analysts will say "the smart money is buying cyclical stocks now because the economy is improving," for example.

Vindictive, punitive, or exemplary damages given by way of punishment and example, in cases of gross misconduct of a defendant.

The noun has 3 meanings:

Meaning #1: money bet or invested by experienced gamblers or investors (especially if they have inside information)

Meaning #2: (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
  Synonyms: punitive damages, exemplary damages

Meaning #3: people who are highly experienced or who have inside information

Smart Money may refer to:

• Smart Money (film), a 1931 American motion picture
• Smart Money (1986 film)
• SmartMoney, a financial magazine
• Smart Money (radio show), a financial radio show hosted by Jerry E. Tuma

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