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'hot money' is a correct and usable phrase in written English.
It is used to describe money that is invested or transferred quickly and easily, often for speculative or illegal purposes. For example, "The criminals were using hot money to fund their illegal activities."
Dictionary
hot money
noun
Money, or other financial instruments, that move regularly between different markets in search of the best interest rates
Exact(60)
Thus the term hot money.
3) "Hot Money," by Dick Francis.
Turkey relies on hot money to finance its deficit.
Emerging markets resented their dependence on hot money.
"It's like the hot money pouring into this country.
Banks are also being weaned off hot money.
The hot money isn't riding on c), still less b).
But the hot money also came with a high cost.
The stockmarket, which continues to plunge (see article), is no home for hot money.
"Hot money", attracted by the country's growth, may be flowing out as the property market falters.
So, high interest rates, ineffective against inflation, lured funds — "hot money" — that overvalued the krona.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com