Slush Fund


Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia, Wikipedia.
Related to Slush Fund: surreptitiously, hedge fund

Slush Fund

An account in which a business, government, or individual in either of those hides money for later use. Businesses sometimes hide profits for a given quarter in a slush fund to make later profits look more robust, or even to hide later losses. In government, politicians sometimes use slush funds to hide illegal contributions or bribes to finance re-election campaigns or an extravagant lifestyle. It is important to note that not all monies set aside for entertainment or other future use constitute a slush fund; the term implies that the money is hidden or used for illegal or unethical purposes.
References in periodicals archive ?
This means that Deutch, who had the highest security clearance at the Pentagon, either knew of the slush fund or chose to remain ignorant.
The DFB rejected the allegations, saying there were no slush funds or cash-for-votes.
But it was the slush fund established to help stabilize the dollar in world trade, then supplemented by enemy assets during World War II, that started the United States off on the first covert operations of the Cold War.
The continued existence of this slush fund is an insult to all of the consumers who have lost so much in this crisis.
The investigation had looked at claims that BAE had established a slush fund for some Saudi royal family members, dating back to the 1980s.
The mayor seems to think that taxing everybody more to fund a billion- dollar slush fund -- Measure H -- will do better than the free market, which has provided Americans with the best housing in the world.
The Everton boss wants to blow open the Premiership monopoly and he reckons robbing one of the big four of their Champions League slush fund is the best way to do it.
And it's not just the fact that Kofi and the East River Mafia sold the oil-for-food program as a humanitarian effort to provide food and medicine to orphans and starving children--and then knowingly allowed it to be used instead as a huge slush fund for Saddam and the politicians, UN officials, and corporate elitists who fed at his trough.
A spokesman for Kohl, who currently faces accusations of being involved in a slush fund scandal when he was leader of the Christian Democrat party, said: "He reacted calmly, wiped the pastry remains from his face and kept on autographing.
After some digging, reporters for the Locke Foundation's Carolina Journal discovered that the money had come from a secret $21 million slush fund, known to only a few legislative leaders.
The losses emerged as Quinn's receivers asked for financial aid from a slush fund for troubled firms.
The internal audit was carried out after reports in France alleged the French secret services had suspected EADS of keeping a slush fund to pay bribes for contracts.