Legal Definition and Related Resources of Smart money
Meaning of Smart money
Vindictive or exemplary damages given beyond the actual damage, by way of punishment and example, in cases of gross misconduct of defendant. 15 Conn. 225; 14 Johns. (N. Y.) 352; 6 Hill (N y.) 466. That it cannot be given by jury, see 2 Greenl. Ev. (4th Ed.) § 253, note. See “Damages.”
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| Smart Money in the Dictionary | Smart Money in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Smart Money |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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| Related topics | Smart Money in the World Encyclopedia of Law |
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This definition of Smart Money is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Grammar
This term is a noun.
Etimology of Smart Money
(You may find smart money at the world legal encyclopedia and the etimology of more terms).
money bet by those in the know, 1926, from smart (adj.). The same phrase earlier meant “money paid to sailors, soldiers, workers, etc., who have been disabled while on the job” (1690s), from a noun derivative of smart (verb). Also “money paid to obtain the discharge of a recruit” (1760), hence “money paid to escape some unpleasant situation” (1818). Sometimes in legal use, “damages in excess of injury done.”
Resources
See Also
- Damages
- Exemplary
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