slush fund
Appearance
English
[edit]Etymology
[edit]Originally in reference to money for miscellaneous uses that sailors made by selling slush (“a soft mixture of grease and other ingredients”).
Noun
[edit]slush fund (plural slush funds)
- (finance) Money stored for illegal or dishonest purposes.
- He is said to have used his party’s slush fund to buy votes in the election.
- 2008 September 28, Illiad [pen name; J. D. Frazer], “The Large Hadron Collider Game”, in Userfriendly.org[1], archived from the original on 2019-05-07:
- 7: CERN bestows slush fund on the LHC. Take all pennies from the CERN space.
- 2017, Jason Hickel, “The Tax Evaders”, in The Divide […] , London: William Heinemann, →ISBN:
- To do this, [the Lord Mayor] has at his disposal a multibillion-pound slush fund for use in lobbying the UK government and governments around the world to bring in laws that are friendly to banks and multinational companies.
- (accounting) Money that has not been hypothecated or dedicated to a particular purpose, or which is used for a different purpose than originally intended.
- 2021 June 28, Daniel Liberto, “Slush Fund”, in Investopedia[2]:
- A slush fund is a sum of money that is set aside as a reserve. In accounting, a slush fund is a general ledger account of commingled funds that does not have a designated purpose. In more sinister cases, a slush fund may be used as a "black fund," which is unaccounted for and kept off the books.
Translations
[edit]money stored for illegal or dishonest purposes
|