Hot Money Definition

noun
Money that is moved by its owner quickly from one form of investment to another, as to take advantage of changing international exchange rates or gain high short-term returns on investments.
American Heritage

Money, or other financial instruments, that move regularly between different markets in search of the best interest rates.

Wiktionary

Stolen currency that can be easily traced via serial numbers.

Wiktionary

The largest total of money staked on a race etc.

The hot money is on Fishface to win the 3:30
Wiktionary

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