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    smart money
    [ noun ]
    1. money bet or invested by experienced gamblers or investors (especially if they have inside information)

    2. <noun.possession>
    3. (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)

    4. <noun.possession>
    5. people who are highly experienced or who have inside information

    6. <noun.group>
      the smart money said Truman would lose the election


    Smart \Smart\, a. [Compar. {Smarter}; superl. {Smartest}.] [OE.
    smerte. See {Smart}, v. i.]
    1. Causing a smart; pungent; pricking; as, a smart stroke or
    taste.

    How smart lash that speech doth give my conscience.
    --Shak.

    2. Keen; severe; poignant; as, smart pain.

    3. Vigorous; sharp; severe. ``Smart skirmishes, in which many
    fell.'' --Clarendon.

    4. Accomplishing, or able to accomplish, results quickly;
    active; sharp; clever. [Colloq.]

    5. Efficient; vigorous; brilliant. ``The stars shine
    smarter.'' --Dryden.

    6. Marked by acuteness or shrewdness; quick in suggestion or
    reply; vivacious; witty; as, a smart reply; a smart
    saying.

    Who, for the poor renown of being smart
    Would leave a sting within a brother's heart?
    --Young.

    A sentence or two, . . . which I thought very smart.
    --Addison.

    7. Pretentious; showy; spruce; as, a smart gown.

    8. Brisk; fresh; as, a smart breeze.

    {Smart money}.
    (a) Money paid by a person to buy himself off from some
    unpleasant engagement or some painful situation.
    (b) (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.
    (c) (Law) Vindictive or exemplary damages; damages beyond
    a full compensation for the actual injury done.
    --Burrill. --Greenleaf.

    {Smart ticket}, a certificate given to wounded seamen,
    entitling them to smart money. [Eng.] --Brande & C.

    Syn: Pungent; poignant; sharp; tart; acute; quick; lively;
    brisk; witty; clever; keen; dashy; showy.

    Usage: {Smart}, {Clever}. Smart has been much used in New
    England to describe a person who is intelligent,
    vigorous, and active; as, a smart young fellow; a
    smart workman, etc., conciding very nearly with the
    English sense of clever. The nearest approach to this
    in England is in such expressions as, he was smart
    (pungent or witty) in his reply, etc.; but smart and
    smartness, when applied to persons, more commonly
    refer to dress; as, a smart appearance; a smart gown,
    etc.

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