black money

Noun

black money (uncountable)

1. Income that is not reported to a government in order to evade taxes.

   Synonyms:

   dirty money

2. (India) Money that is obtained illegally, especially that which circulates outside the formal financial system in the underworld.
   • In India, the government faces the issue of combating black money stashed overseas.
   • 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.1973 August 9, “Demonetization Feared”, in The New York Times, →ISSN

   Synonyms:

   dirty money, boodle

   Antonyms:

   white money