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Slush Fund

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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The family dispute triggered a criminal investigation after the elder Park accused his younger brother of creating a secret slush fund with company money to fund private lobbying and other activities.
Despite the claims that we are seeing the green shoots of recovery, unemployment is still soaring and it's not like there's some magical slush fund in the bank to dip into.
When interviewed, she agreed that it was common practice to divert money from the residents' allowance to the slush fund.
 
 
 
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