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A slush fund is a fund or account used for miscellaneous income and expenses, particularly when these are corrupt or illegal. [1] Such funds may be kept hidden and maintained separately from money that is used for legitimate purposes.
A slush fund is a pool of money that has been set aside without a designated use. A business might keep a general account that is a slush fund.
The slush-fund concept can be a helpful tool for building savings. Intentionally stashing money away for any reason is an excellent habit to develop. Having a slush fund can minimize financial stress.
“The emergency fund, rainy day fund or slush fund are all the same, in that they are liquid investments that carry very little to no risk and can be accessible in times of dire need. Not only ...
Planning began in late 1970 and an office opened in the spring of 1971. Besides its re-election activities, CRP employed money laundering and slush funds, and was involved in the Watergate scandal. [2] The CRP used $500,000 in funds raised to re-elect President Nixon to pay legal expenses for the five Watergate burglars. This act helped turn ...
The term "slush fund" was used by former board chair Moya Doherty to describe the RTÉ barter account. [37] On the same day, Center Parcs said it would not be renewing its sponsorship deal with The Ryan Tubridy Show (worth €295,000 since November 2022) and also said it might pull out before that time, to prevent its name being tainted by ...
Republicans may think USAID is one big liberal slush fund, but it’s clearly up to Congress — not the White House — to determine the scope of the agency. The specific threat posed by Trump ...
Caixa dois practices may also be used by larger businesses or public entities to disguise the source of or the use of funds. [3] For example, a slush fund may be used to hide payments for illegal services such as bribes to win contracts or access to privileged information to which the payee is not entitled. [3] [4]