I. ˈ ̷ ̷ˌ ̷ ̷ ̷ ̷ noun
Etymology: smart (IV)
1.
a. : money allowed to British soldiers or sailors for wounds and injuries received
b. : a sum paid by an employer to an injured employee
2. : money paid to procure the release of a recruit for the British army
3. : punitive damages
II. ˈ ̷ ̷| ̷ ̷ ̷ ̷ noun
Etymology: smart (II)
1. : money ventured by a bettor or speculator likely to have inside information ; sometimes : investments made by alert experienced investors
2. : well-informed bettors or speculators