Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

slush fund

A slush fund can be any sum of money gathered and set aside as a reserve. For example a sporting club might raise money from its members to pay for fixtures throughout the year and any money left over in the slush fund might be put towards an annual social event.

In politics or in the corporate world the term slush fund is often used to describe money raised from a secret or illegitimate source and/or used for fraudulent or unpopular purposes. For example, a company might be said to be treating...