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slush fund

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slush fund

 
Use slush fund in a Sentence
–noun
1. a sum of money used for illicit or corrupt political purposes, as for buying influence.
2. Nautical. a fund from the sale of slush, refuse fat, etc., spent for any small luxuries.
Origin:
1855–60
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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slush fund  
n.  

  1. A fund raised for undesignated purposes, especially:

    1. A fund raised by a group for corrupt practices, such as bribery or graft.

    2. A fund used by a group, as for entertainment.

  2. Money formerly raised by the sale of garbage from a warship to buy small items of luxury for the crew.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Slush Fund

A fund (or something similar) that does not have a designated purpose. These types of funds are often illegal.

Investopedia Commentary

A good example would be a politician siphoning off money for side investments or to help friends.

See also: Mutual Fund

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