Origin of smart money; from smart, money bet or invested by those in the best position to know what might be advantageous
Origin of smart money< smart, Law exemplary damages
- Games Bets or a bet placed by experienced gamblers or those having privileged information.
- Informal a. Experienced, well-informed investors: Smart money is supporting the conservative presidential candidate.b. Investments made by people experienced and well informed in matters of finance.
- Law Punitive damages.
smart money - Investment & Finance Definition
Investors whose decisions about what products or sectors to invest in turn out to be correct. Everyone wants to invest where the smart money is.