Definition of Slush fund:
A reserve of money used for illicit purposes, especially political bribery.
Slush funds are commonly used to bribe or influence people in return for preferential treatment, or to acquire non-public information or other services.
Secret reserve of cash held in an organization, generally by the top management, for which the executives administering it have informal discretion and are not made fully accountable over its use (such as in payment of bribes).
A slush fund is a sum of money set aside as a reserve. In businesses, political parties and other organizations, the term is used to describe money that has been set aside as a rainy day fund, or for illicit purposes or personal gain. In accounting terms, a slush fund describes a general ledger account of commingled funds which does not have a designated purpose.
Synonyms of Slush fund
Payment, Payout, Reward, Recompense, Consideration
How to use Slush fund in a sentence?
- The board, which previously was under the control of the Ministry of Economic Reforms, has functioned as a slush fund for dispensing political favours.
Meaning of Slush fund & Slush fund Definition