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

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