off-the-books


Also found in: Financial.

off-the-books

 (ôf′thə-bo͝oks′, ŏf′-)
adj.
Not reported or accounted for as required by law, especially in order to avoid the payment of taxes: off-the-books income.

off′-the-books′



adj.
not recorded in account books or not reported as taxable income: off-the-books payments.
[1960–65]
References in periodicals archive ?
The package of measure to recover $6 billion from the twilight economy, the plan includes 60 measures aimed at reducing the off-the-books output in the economy.
The measure is to reduce the off-the-books output aimed at reducing the number of unofficial deals in the industries that represent the largest share of the grey economy: trade, agriculture, transport, real estate and manufacturing industry.
Notably absent from nearly all literature on entrepreneurship, that is, is the notion that these risk-takers might weigh up the costs of being caught and the level of punishments and then decide to do some or all of their business on an off-the-books basis.
Listing the challenges of running an off-the-books car repair service, resident James Arleander first cites the people purportedly protecting him: "First, you are doing something illegal, which means police must be involved.
Bribe-takers are reported to range from top officials who demand millions in kickbacks to doctors who require off-the-books payments and traffic police who forgive real and imagined infractions when slipped the right money.
HOUSTON - Andrew Fastow, chief architect of the off-the-books deals that brought down Enron, pleaded guilty along with his wife Wednesday in a deal that could take prosecutors to the top of the corporate ladder at the scandal-ridden company.
The problem with cleaning up the off-the-books financing of pipelines is that virtually every major interstate pipeline built in America since the 1940s was an "off the books" project.
Then, in 1982, Genentech Clinical Partners became the first biotech company to set up a research limited partnership specifically to fund its R&D with an off-the-books technique.
He writes: "If my neighbor operates off-the-books and pays no tax, my tax rates do not increase.
Dux, who once owned martial-arts dojos in Sherman Oaks and Toluca Lake, claims he was the first American to win an off-the-books martial arts tournament called the Kumite.
The 41-year-old ex-ninja claims he got a few thousand bucks when he won his Kumite title in 1975 - a primitive off-the-books version of the Ultimate Fighting Championship.
As the trial opened Monday in Tokyo District Court, prosecutors read the two charges: That Hamanaka forged the signatures of his bosses four times to keep his off-the-books trading secret, and that he swindled a Sumitomo subsidiary in Hong Kong out of $770 million to cover his losses.