hot money
noun Informal.
funds transferred suddenly from one country to another chiefly to avoid depreciation in value or to take advantage of higher interest rates.
Origin of hot money
First recorded in 1925–30
Words nearby hot money
hot line,
hot link,
hot mess,
hot metal,
hot mic,
hot money,
hot number,
hot off the press,
hot on,
hot pack,
hot pants
British Dictionary definitions for hot money
hot money
noun
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