hot money

[ hot muhn-ee ]

noun

1. Finance, Stock Exchange. funds transferred suddenly from one country to another chiefly to avoid depreciation in value or to take advantage of higher interest rates:

   Too much foreign investment can lead to major outflows of hot money later on, making a country’s economy vulnerable.

2. Informal. the confidence that experts have about a specified outcome or result:

   The hot money is on blues and greens being in this season.

3. paper money that is stolen and can be traced or identified, especially because the bills are marked:

   The robber tried to pass some of the hot money in another state, but was caught.

   This kind of business is ideal for laundering hot money.

hot money

noun

1. capital transferred from one financial centre to another seeking the highest interest rates or the best opportunity for short-term gain, esp from changes in exchange rates

Word History and Origins

Origin of hot money¹

First recorded in 1925–30

Example Sentences

Jinnet's doon yonder at the Freemason's Bazaar wi' red-hot money in her pooch, and canna get awa' till it's done.

From Project Gutenberg