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black money

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noun
  1. income earned surreptitiously or illegally, usually in cash, and not reported to the government so as to avoid paying taxes on it.
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Origin of black money

First recorded in 1965–70
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for black money

black money

noun
  1. that part of a nation's income that relates to its black economy
  2. any money that a person or organization acquires illegally, as by a means that involves tax evasion
  3. US money to fund a government project that is concealed in the cost of some other project
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012