Smart money

Definition of Smart money

Money paid by a person to buy himself off from some unpleasant engagement or some painful situation
(Mil.) Money allowed to soldiers or sailors, in the English service, for wounds and injures received; also, a sum paid by a recruit, previous to being sworn in, to procure his release from service
(Law) Vindictive or exemplary damages; damages beyond a full compensation for the actual injury done

See also: Smart Smart Smart

Related Words

speculation, venture
Word:

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