Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
indemnity | Yes | No | No | No |
smart money | Yes | No | No | No |
indemnity (noun) | smart money (noun) |
---|---|
a sum of money paid in compensation for loss or injury | people who are highly experienced or who have inside information |
legal exemption from liability for damages | money bet or invested by experienced gamblers or investors (especially if they have inside information) |
protection against future loss | (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct) |