hot money
"Hot money" describes highly liquid funds that move quickly between markets or countries to maximize short-term profits.
Definition
C1Economics and Finance
(technical, academic)Funds that are rapidly transferred between financial institutions or countries to exploit short-term interest rate differences or other financial opportunities.
Example
- Investors often move hot money to countries with higher interest rates to gain better returns.
- The sudden influx of hot money can destabilize local economies.
B2Slang
(informal)Currency that has been stolen.
Example
- The police are on the lookout for the hot money stolen during the bank heist.
B2Gambling
(informal)The largest amount of money bet on a particular race or event.
Example
- The hot money was on the favorite horse, which everyone expected to win.
Similar
Terms that have similar or relatively close meanings to "hot money":
hot propertybig moneynew moneysmart moneyhard moneyhot handplay moneydead moneycash moneysoft moneymad moneyhot topeasy moneyhot buttonhot onfunny moneyfront moneyhot tickethot streaksound moneyhot stuffdirty moneyplace moneypaper moneyblack moneyhot shophot bedold money