Definition, Meaning & Synonyms

black-money

Noun

/blæk ˈmʌni/

Definition

Money that is earned through illegal means and not declared to the government for tax purposes.

Examples

The politician was accused of having accumulated black money through bribery.
Many businesses operate with black money to avoid paying taxes and regulations.
Efforts to combat black money in the economy are ongoing.

Meaning

Black money refers to income that is obtained through unlawful activities, including corruption, tax evasion, and other forms of illegal earnings. This money is not reported to tax authorities and is used for various purposes without proper legal documentation.