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Definition of slush fund noun from the Oxford Advanced Learner's Dictionary

slush fund

noun
 
/ˈslʌʃ fʌnd/
 
/ˈslʌʃ fʌnd/
(disapproving)
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  1. a sum of money kept for illegal purposes, especially in politics
    Word Originmid 19th cent.: originally nautical slang denoting money collected to buy luxuries, from the sale of watery food known as slush.
See slush fund in the Oxford Advanced American Dictionary
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