smart money

smart money
smart money 1 n [smart pain]: punitive damages at damage 2
smart money 2 n
1: money invested by one having inside information or much experience
2: well-informed investors or speculators

Merriam-Webster’s Dictionary of Law. . 1996.

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

Dictionary from West's Encyclopedia of American Law. 2005.


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

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • Smart money — Smart Smart, a. [Compar. {Smarter}; superl. {Smartest}.] [OE. smerte. See {Smart}, v. i.] 1. Causing a smart; pungent; pricking; as, a smart stroke or taste. [1913 Webster] How smart lash that speech doth give my conscience. Shak. [1913 Webster]… …   The Collaborative International Dictionary of English

  • smart money — money bet by those in the know, 1926, from SMART (Cf. smart) (adj.). The same phrase earlier meant money paid to sailors, soldiers, workers, etc., who have been disabled while on the job (1690s), from a noun derivative of SMART (Cf. smart) (v.) …   Etymology dictionary

  • smart money — n. ☆ 1. [< SMART, adj. 4] money bet or invested by those in the best position to know what might be advantageous ☆ 2. [< SMART, n.] Law EXEMPLARY DAMAGES …   English World dictionary

  • smart money — smart ,money noun uncount INFORMAL people who have a lot of knowledge about something and whose opinions are respected: The smart money says this new company will be a success. a. money that is likely to win a BET or make a profit because it is… …   Usage of the words and phrases in modern English

  • Smart Money — Infobox Film name = Smart Money image size = caption = director = Alfred E. Green producer = writer = narrator = starring = Edward G. Robinson James Cagney music = cinematography = Robert Kurrie editing = Jack Killifer distributor = released =… …   Wikipedia

  • Smart Money — Cash invested or wagered by those considered to be experienced, well informed, in the know or all three. Although there is little empirical evidence to support the notion that smart money investments perform any better than non smart money… …   Investment dictionary

  • smart money — n. money belonging to smart or clever people. □ Most of the smart money is going into utility stocks right now. □ Watch and see what the smart money is doing …   Dictionary of American slang and colloquial expressions

  • smart money — In the modern sense of the term, the same as punitive damages. 22 Am J2d Damg §§ 236 et seq. It is interesting, as well as instructive, to observe that in colonial days the term smart money was employed in a manner entirely different from the… …   Ballentine's law dictionary

  • smart money — noun a) experienced, well informed investors, gamblers etc considered as a group The smart money is on a half percent cut in the basic bank lending rates before the end of the week. b) the money invested or bet by such people; by extension, the… …   Wiktionary

  • smart-money — noun Money paid as a compensation to a person injured. The reader may remember that Mr Allworthy gave Tom Jones a little horse, as a kind of smart money for the punishment which he imagined he had suffered innocently …   Wiktionary

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