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Simple English definitions for legal terms
slush fund
Read a random definition: in lucro captando
A quick definition of slush fund:
Term: SLUSH FUND
Definition: A slush fund is money that is kept aside for unknown purposes, often for dishonest or corrupt activities. This money is not monitored or tracked like regular funds, which makes it easy for people to use it without being held accountable.
A more thorough explanation:
A slush fund is money that is set aside for unspecified purposes, often for corrupt activities, and is not subject to financial procedures that ensure accountability. It is a secret stash of money that can be used for any purpose without any oversight or transparency.
- A politician may have a slush fund to bribe other politicians or to fund their election campaign without disclosing the source of the money.
- A company may have a slush fund to pay off officials or to engage in illegal activities.
These examples illustrate how a slush fund can be used for unethical or illegal purposes without any accountability. It is a way for individuals or organizations to operate outside the law and to avoid detection.