Meaning of “slush fund” in the English Dictionary

(Definition of “slush fund” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"slush fund" in Business English

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slush fundnoun [ C ]


money that is kept by a business or other organization for illegal purposes:

The CEO treated this money as his own personal slush fund and used it to evade taxes.
He was convicted of setting up a secret slush fund to bribe politicians.

informal money that is kept for unexpected costs:

We have set up a small slush fund to cover any unexpected running costs.

(Definition of “slush fund” from the Cambridge Business English Dictionary © Cambridge University Press)