slush fund
English Definitions:
slush fund (noun)
a fund for buying votes or bribing public officials
slush fund (Noun)
Money stored for illegal or dishonest purposes.
Slush fund
A slush fund, colloquially, is an auxiliary monetary account or a reserve fund. However, in the context of corrupt dealings, such as those by governments or large corporations, a slush fund can have particular connotations of illegality, illegitimacy, or secrecy in regard to the use of this money and the means by which the funds were acquired. Political dealings with slush funds tend to create suspicions of quid pro quo, and can be viewed on the surface as corrupt and subversive of the democratic process. For example, Richard Nixon's "Checkers speech" of 1952 was a successful effort to dispel a scandal concerning a rumored slush fund of campaign contributions. Years later Nixon's Watergate scandal did involve slush funds to buy the silence of the Watergate Plumbers. A slush fund can also be connected to amateur level athletics. In the past fifty years, there have been multiple occurrences where boosters and supporters of a collegiate sport program provide the school and coaches with extra money. This money is then distributed to a number of athletes in order to compensate them for their participation and commitment to their program. Some of the most memorable scandals that involved slush funds with college athletics are: Southern Methodist University in 1986 and University of Michigan in the 1990s. Southern Methodist's football team was caught receiving money from the school which was being funded by one of the boosters. The University of Michigan had one booster paying several of the Men's Basketball players, including NBA superstar Chris Webber.
Slush fund
A slush fund is a fund or account used for miscellaneous income and expenses, particularly when these are corrupt or illegal. Such funds may be kept hidden and maintained separately from money that is used for legitimate purposes. Slush funds may be employed by government or corporate officials in efforts to pay influential people discreetly in return for preferential treatment, advance information (such as non-public information in financial transactions), and other services. The funds themselves may not be kept secret but the source of the funds or how they were acquired or for what purposes they are used may be hidden. Use of slush funds to influence government activities may be viewed as subversive of the democratic process. A slush fund can also be a reserve account used to reduce fluctuations in an organization's earnings by withholding them when they are high and supplementing them when they are low. This type of slush fund is not inherently corrupt, but is nonetheless a form of earnings management that tends to mislead the public about the organization's financial condition.
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"slush fund." Kamus.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.kamus.net/english/slush+fund>.
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