Smart Money
nounverified·updated May 18, 2026
(law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
Framework senses
- §1
- people who are highly experienced or who have inside information
- §2
- (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
- §3
- money bet or invested by experienced gamblers or investors (especially if they have inside information)