- Slush Fund
- A fund (or something similar) that does not have a designated purpose. These types of funds are often illegal.
A good example would be a politician siphoning off money for side investments or to help friends.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Slush fund — is a colloquial term which has come to mean an auxiliary monetary account or a reserve fund. However, the term has special meaning within a context of corrupt (including but not limited to) political dealings by governments, large corporations or … Wikipedia
slush fund — ➔ fund1 * * * slush fund UK US noun [C] FINANCE ► money that is kept by a business or other organization for illegal purposes: »The CEO treated this money as his own personal slush fund and used it to evade taxes. »He was convicted of setting up… … Financial and business terms
slush fund — slush funds N COUNT A slush fund is a sum of money collected to pay for an illegal activity, especially in politics or business. He s accused of misusing $17.5 million from a secret government slush fund … English dictionary
slush fund — ► NOUN ▪ a reserve of money used for illicit purposes, especially political bribery. ORIGIN originally nautical slang denoting money collected to buy luxuries, from the sale of watery food known as slush … English terms dictionary
slush fund — slush′ fund n. 1) bus a sum of money used for illicit political purposes, as for buying influence 2) navig. a fund for a ship s crew, formerly raised from the sale of galley waste, for the purchase of small luxuries … From formal English to slang
slush fund — ☆ slush fund n. 1. Historical a fund established aboard ship from the sale of refuse fat, etc. and used to buy small luxuries 2. money used for bribery, political pressure, or other corrupt purposes … English World dictionary
slush fund — index hush money Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
slush fund — n an amount of money kept for dishonest purposes, especially in politics … Dictionary of contemporary English
slush fund — slush ,fund noun count an amount of money that an organization, business, or political party uses for illegal purposes a. an amount of money kept by a business for things it needs to buy unexpectedly … Usage of the words and phrases in modern English
slush fund — UK / US noun [countable] Word forms slush fund : singular slush fund plural slush funds a) an amount of money that an organization, business, or political party uses for illegal purposes b) an amount of money kept by a business for things that it … English dictionary
slush fund — A slush fund is an account or fund in politics or business where money is set aside for various unofficial purposes, often unethical or even illegal. A large commission taken from the slush fund ensured the success of the negotiations … English Idioms & idiomatic expressions