black money

black money

noun
income earned surreptitiously or illegally, usually in cash, and not reported to the government so as to avoid paying taxes on it.

Origin:
1965–70

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World English Dictionary
black money
 
n
1.  that part of a nation's income that relates to its black economy
2.  any money that a person or organization acquires illegally, as by a means that involves tax evasion
3.  (US) money to fund a government project that is concealed in the cost of some other project

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