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English definition of “the smart money”

the smart money

noun [S] uk   us  
money that is invested (= given to companies hoping to get more back) by experienced investors who know a lot about what they are doing: The smart money is coming back into mortgages as the best investment now.Savings, interest and capital
(Definition of the smart money from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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