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 Barisan Nasional (BN) administration's previous deficit figures and projections were inaccurate as they excluded off-the-books liabilities, said Finance Minister Lim Guan Eng today.
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.
He was arrested and subsequently fired after the school discovered the off-the-books bank account opened in the college's name.
The sums cepted by the players, who allegedly signed invoices for fake sponsorship contracts in return for off-the-books cash, ranged from $163 774 for Massimo Crippa to $5.65 million for Juan-Sebastian Veron, totalling about 10 million euro.
subsequently scoped the extent of the illicit economy, which is estimated to be about 10 percent of our GDP quantified to a loss of about 178 billion rands to the economy." Cwele said off-the-books trade was especially rife in the mining, textile and tobacco industries, and was costing South Africa hundreds of thousands of jobs.
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.
Not only credit card debts and loans on unreal housing values, but also forcing students to take loans and PFI off-the-books spending have all soared under Gordon Brown.
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.
Justin, however, is unlikely to be heralded by government as a 'super hero' entrepreneur because, like many others starting-up successful enterprises, he conducts a large proportion of his business on an off-the-books basis.
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.