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English definition of “the smart money”

the smart money

noun [S]    
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 noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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