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 ?
But not 100 percent," Lee said when asked by journalists whether he agreed that allegations about massive slush funds, illicit transfer of control of the group to his son and bribery were true.
Hong has expressed his intention to resign over his alleged involvement in donating slush funds to presidential candidates in 1997, Yonhap News Agency reported in a dispatch from Washington earlier Tuesday, quoting informed sources.
Nonetheless, Northrop Grumman's patrons in Congress, who have lined their pockets with PAC contributions from the B-2's corporate beneficiaries, shrewdly disclosed the existence of the NRO slush fund just as they were completing their final maneuvers to fund the B-2.
While this bill funds a number of important priorities, I could not support it because it increases spending by using the OCO slush fund without appropriately offsetting those increases in other places, said Corker.
In a brief statement sent to media, the former World Cup-winning player and coach, who is a key figure in an affair involving an alleged slush fund used to bribe FIFA voting members back in 2000 to award the tournament to Germany, again said the Germans never bought votes.
A slush fund of pounds 3m will be spent on replacing wall-sized images of terrorists toting AK47s with less divisive images of cultural interest.
So, PM2B Gordon Brown prove your worth because any of us could run the country with a slush fund that size.
BAE can state categorically that there is not now and there has never been in existence what the media refers to as a slush fund,' the company said in a statement at the time.
MILITARY detectives probing corrupt arms deals say they have found a pounds 60million slush fund used to bribe Saudi leaders.
What was once considered a bipartisan mechanism for supporting religious charities has unfortunately become a political slush fund for the White House to advance political purposes.
Thus was the notion of a slush fund expressed in bureaucratic parlance.
In another campus newspaper, Von Carp and fellow student Owen Rounds wrote a series of exposes detailing irregularities in OSPIRG's financial reports, complaining that the group rarely spent money on campus issues, and alleging that it and another PIRG had formed a virtual slush fund.