Slush Fund

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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 ?
Senior lawyer Anil Dewan said in the Supreme Court that the UPA government had not done anything to recover slush funds while the US, France, the UK and Italy had acted against tax evaders after an employee of a Liechtenstein bank sold data on hundreds of accounts holders to tax authorities across the world.
According to Defense Ministry and SDF officials, the ministry plans to announce the results of its probes into the alleged slush funds after the enactment into law of a government-proposed bill to enable Japan to resume refueling multinational forces engaged in antiterrorism operations for Afghanistan, expected in mid-January.
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.
Oga worked as an intermediary to help Kajima win those orders from Canon and received commissions including slush funds from Kajima, they said.
The ministry's in-house investigations, however, have yet to specify the total amount of the slush funds, the sources said.
This particular slush fund is currently the target of a reform-minded Board of Water and Power Commissioners that wants some accountability in the utility.
Former Defense Ministry officials and other sources said recently the ministry had built up slush funds systematically for use by its senior officials and related departments.
But they're not so happy to give up the slush funds and lavish lifestyles it has provided them.
An interesting local angle is how the Los Angeles media, in a gross display of unprofessional behavior, pushed for USC and UCLA to leave the Pacific Coast Conference because players were deemed ineligible for the 1956-57 seasons after receiving money from slush funds.
In a wicked world, things do go wrong with slush funds.
Slush funds kept at Nishimatsu for 10 yrs, ex-chairman may have known
OSAKA - The Osaka prefectural government announced the punishments Tuesday of 163 officials in connection with slush funds, dismissing three in disgrace for embezzling public money and withholding Gov.