Gray Money

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Gray Money

Money one derives from tax evasion. For example, gray money includes illicit deductions or funds hidden in an offshore bank. Gray money is similar to, but distinct from, black money, which is the revenue from a criminal enterprise, such as drug dealing.
References in periodicals archive ?
Nicky Richards' grey Money Trix was also pulled up after a mile with a serious leg injury and we can only hope the old boy will pull through.
That said, the scrabbling for this grey money had started a while ago but I still have a hunch that there is mileage yet in shares that are in tune with this sector.