slush fund


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Related to slush fund: surreptitiously, hedge fund

slush fund

An ancillary or reserve fund that has been accumulated or set aside for undesignated or unspecified purposes, especially those that are or are viewed as being illicit, corrupt, or morally questionable. It has come to light that the senator paid for special treatment by the newspapers out of her party's slush fund. The CEO instructed his lawyer to use the company's slush fund to settle the lawsuit out of court.
See also: fund, slush

slush fund

n. a fund of money that can be used for various unofficial and discretionary purposes. How much is left in the slush fund?
See also: fund, slush
References in periodicals archive ?
It added there was no slush fund and the company had not been involved in any false accounting.
The price of Labours deal with NZ First keeps mounting with the $3 billion Provincial Growth slush fund and $900 million for diplomats and aid.
Ex-Gifu official arrested for pocketing slush funds
Sources familiar with the investigation said Duskin created the slush fund by padding up the bills for the purchase of printing paper used by the Duskin-owned Mister Donut chain and other Duskin business operations.
Best of all it is good to have a pounds 12 billion slush fund to hand when you find that what you thought last August was a pounds 450 million mishap is going to cost pounds 1.1 billion - and, the way these things go, a fair bit more before all the dust settles.
Shane Jones uses the House for his own grandstanding, but whats worse is he continues to exaggerate and be deliberately tricky and gets away with not being accountable for his slush fund.
''We did not investigate the issue appropriately and failed to recognize the existence of the slush fund.''
The founder of Rising Production Co., the entertainment agency which manages pop singer Namie Amuro and allegedly failed to declare 2 billion yen in corporate income, had controlled a slush fund of about 500 million yen, sources close to the agency said Wednesday.
Lee is facing abuse of power charges for managing hundreds of billions of won (hundreds of millions of dollars) in a slush fund through DAS, a car parts manufacturer ostensibly owned by his elder brother Lee Sang-eun.
The bill also slashed an ObamaCare slush fund and permanently repealed the unpopular Independent Payment Advisory Boardthe board established by President Obama to ration healthcare for seniors by giving unelected bureaucrats the power to withhold Medicare payments to local doctors and other healthcare providers.
A FORMER Siptu official is resisting calls to appear before the Dail's taxpayer watchdog to explain his role in the use of a HSE slush fund.
The nine are also suspected of creating a slush fund of some 500 million yen through fake deals involving the agency's artists.
A key aide to former President Lee Myung-bak was indicted, Sunday, for managing his slush fund and personal assets under borrowed names, further troubling the former President amid an intensified prosecution investigation into a wide range of alleged wrongdoings involving him, his family and close aides.
The Department of Justice today issued a memo that would implement a slush fund reform that Senator James Lankford (R-OK) has advocated for several years.
More than six out of 10 South Koreans think former President Lee Myung-bak should be detained during the investigation into a slush fund scandal involving him and his family members, according to a poll released Thursday.