hot money

English

Pronunciation

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Noun

hot money (uncountable)

  1. (slang, economics) Money, or other financial instruments, that moves regularly between different markets in search of the best interest rate.
  2. (slang) Stolen currency.
  3. (gambling) The largest total of money staked on a race, etc.
    The hot money is on Fishface to win the 3:30.

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