black money
English
editPronunciation
edit- Rhymes: -ʌni
Noun
edit- Income that is not reported to a government in order to evade taxes.
- Synonym: dirty money
- (India) Money that is obtained illegally, especially that which circulates outside the formal financial system in the underworld. [from 19th c.]
- Synonyms: dirty money, (US) boodle
- Antonym: white money
- In India, the government faces the issue of combating black money stashed overseas.
- 1973 August 9, “Demonetization Feared”, in The New York Times[1], →ISSN:
- Demonetization — or the withdrawal from use — was one of a package of measures recommended by a Government committee that investigated the problem of “black money” — money acquired through illegal transactions and kept hidden from tax authorities.
Translations
edit(India) illegal money
Further reading
edit- Indian black money on Wikipedia.Wikipedia