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 ?
It identified Steve Mogford as the BAE executive who authorised the slush fund invoices and said he signed off invoices worth pounds 3 million in the last four months of 1995 alone.
In a wicked world, things do go wrong with slush funds. Dodgy accountants move them around without attracting attention, or worse.
Its an all-purpose political slush fund and you can fit anything into it.
But the prosecution's latest investigation looking into the DAS slush fund has found evidence that has proven the contrary.
The meeting to investigate the operation of a slush fund at the Garda training college heard the level of public monies abused was between [euro]12.4million and [euro]18million.
Michio Kinoshita, 49, is the first person to be arrested in connection with a 1.7 billion yen slush fund scandal at the prefectural government, for which more than half of its employees have been reprimanded.
Duskin Co., a major cleaning tool rental company under investigation for a series of questionable transactions, provided 5 million yen to a struggling business partner in 1998 through a company slush fund, sources familiar with the case said Thursday.
There is nothing like a slush fund when something goes wrong.
Mr Jones has been talking up his provincial slush fund of $1 billion a year for the next three years since it was announced.
Blatter has denied involvement in allegations surrounding Germany's 2006 World Cup bid, amid claims of a [euro]6.6million slush fund.
Taku Kajiwara apologized Friday over a slush fund scandal during the 1990s involving the prefectural government, and promised to take the lead in returning the embezzled money to the prefectural coffers.