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black money

   Also found in: Wikipedia 0.02 sec.
black money
n.
Income, as from illegal activities, that is not reported to the government for tax purposes.

black money
n
1. (Economics) that part of a nation's income that relates to its black economy
2. (Economics, Accounting & Finance / Accounting & Book-keeping) any money that a person or organization acquires illegally, as by a means that involves tax evasion
3. (Government, Politics & Diplomacy) US money to fund a government project that is concealed in the cost of some other project


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But in a city where the mayor and much of the city council is black, and which houses one of the most storied enclaves of old black money, most of the outrage that helped spur these changes came from a small group of activists--not from political leadership.
What made the product introduction unique is that it represented a rare example of an African American bank teaming up with a black money management firm.
It is very important to realize and note that WATTSTAX: The Living Word was financed by white and black money for at that time STAX Records and STAX Films were owned fifty percent by Jim Stewart (white) and fifty percent by Al Bell (black).
 
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