black money

English

black money (uncountable)

Income that is not reported to a government in order to evade taxes.
Synonym: dirty money
(India) Money that is obtained illegally, especially that which circulates outside the formal financial system in the underworld. [from 19th c.]
Synonyms: dirty money, (US) boodle

Antonym: white money

In India, the government faces the issue of combating black money stashed overseas.
- 1973 August 9, “Demonetization Feared”, in The New York Times‎^[1], →ISSN:
  Demonetization — or the withdrawal from use — was one of a package of measures recommended by a Government committee that investigated the problem of “black money” — money acquired through illegal transactions and kept hidden from tax authorities.
- 2016 November 10, “Taking notes”, in The Economist‎^[2], →ISSN:
  Mr Modi has implemented a flurry of schemes to flush out “black money”, the term Indians use for cash which is both unaccounted for and outside its formal financial system.

(India) illegal money