Black Hole

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Black Hole

Slang; a project that takes an inordinate amount of time to complete. For example, if a contractor spends so much time on one client that she cannot devote enough time to other clients to satisfy their needs, the first client is known as a black hole. The term is most common in accounting and auditing.
References in periodicals archive ?
We now know what happened and how the figure was incorrectly reported,' he added, referring to the pounds 6 million blackhole, which he said last year was spotted following the identification of irregularities and deficiencies in its reports.
READY Coming out of the shadows of Gallows, Blackhole are set to take centre stage.
CITY leaders have urged the Government to hand over more money for free bus travel or face a pounds 5m budget blackhole.
Council bosses today said they were confident of plugging a multi-million pound cash blackhole.
Millions must work longer or save harder to pay for the pensions blackhole detailed in an official study published tomorrow.
Shadow chancellor Oliver Letwin said: ``This is the first time the Government is openly admitting to its policy of raising taxes after the election to deal with Gordon Brown's blackhole.
They intend to look for new graduates and want to help pull the country out of an economic blackhole.
Earlier this year Mr Price's plan to put a dedicated community bobby in every Teesside ward on Teesside, along with 100 extra PCSOs, was derailed when the pounds 7m budget blackhole was revealed.