Smart Money — synonyms, definition

1. smart money (Noun)

exemplary damages punitive damages

smart money (Noun) — Money bet or invested by experienced gamblers or investors (especially if they have inside information).

smart money (Noun) — (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or wilful misconduct).

smart money (Noun) — People who are highly experienced or who have inside information. ex. "the smart money said Truman would lose the election"

amends damages indemnification indemnity people redress redressal restitution speculation venture double damages treble damages