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Slush Fund
(redirected from slush funds)

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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.
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The two were eventually both convicted of creating slush funds and given suspended jail terms.
Prominent SKorean businessman commits suicide: police by AFP / AFP Asian Edition
They were looking for what they called slush funds stashed away by the former president, but no such funds existed," a Seongnam police official told AFP, refusing to disclose his name.
SKoreans held for using diggers in slush fund search by AFP / AFP Global Edition
The VW scandal erupted in 2005, with evidence that Peter Hartz, head of personnel and architect of Germany's labour reform, had set up the slush funds.
VW workers' leader jailed for two years by guardian.co.uk / guardian.co.uk
 
 
 
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