Definition, Meaning & Synonyms
off-the-books
Adjective
ˈɔf ðə bʊks
Definition
Transactions or activities that are not recorded in the official accounts or books of a company.
Examples
- The company was involved in off-the-books accounting to hide their real profits.
- Some businesses pay employees off-the-books to evade taxation.
- Off-the-books sales can lead to serious legal consequences if discovered.
Meaning
Refers to financial transactions that are kept secret and do not appear in official reports, often to avoid taxes or oversight.
Synonyms
- Unreported
- Secret
- Under the table
- Off the record
