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English definition of “the smart money”

the smart money

noun [S]    
FINANCE money invested by people who take the right decisions to make a profit : The smart money moved out of the property market last year .
the smart money is on sth a phrase used to say that something will probably happen : The smart money is on James for the new Director Finance post . The smart money is on the country remaining outside the Eurozone for the next decade .
(Definition of the smart money noun from the Cambridge Business English Dictionary © Cambridge University Press)
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