Definition of Slush Fund

What is meant by the term "slush fund"? What does the term "slush fund" mean?

The term "slush fund" usually has a negative connotation, as "slush funds" are often used for shady purposes.

Definition of Slush Fund - Finance DictionaryA "slush fund" is basically a pile of money that doesn't have any designated purpose. For instance, a small business may have a legitimate "slush fund" of a few hundred dollars that is used for various unexpected expenses that may pop up from time to time.

A shady instance of a slush fund? How about a politician redirecting some campaign contributions to a "slush fund" that he uses to pay off certain people in order to gain their support? This would be an example of an illegal "slush fund".

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