off the books


Also found in: Financial, Idioms.
not recorded in the official financial records of a business; - usually used of payments made in cash to fraudulently avoid payment of taxes or of employment benefits.

See also: Book

References in classic literature ?
Taking her eyes off the book, to test her memory of something in it, Lizzie was the first to see herself observed.
ASTON VILLA are ready to get Ross McCormack off the books and rip up his PS2million-a-year contract.
Last summer, that board told racing commissioners to take the rule off the books and threatened to defund the agency - and close the tracks - if it didn't.
The Kazakhstani government is considering a package of countermeasures against its off the books economy for 2014-2015.
One of every five workers in Eastern and Central Europe labors off the books or receives under-the-table supplemental payments, writes Colin C.
Treasury Secretary Timothy Geithner's banking plan will use low-interest loans and up to EUR100bn left from the government's EUR700bn bailout fund to entice private sector investors to initially buy about buy EUR500bn in toxic assets - taking them off the books of the nation's banks.
By taking them off the books of banks, it is hoped it will encourage market liquidity and ease the recession.
The US government hopes that, by taking them off the books of banks, it will encourage liquidity in the market and an easing of the recession.
Seventeen-year-old Julius Hart spent a night in jail because of this law, but a Palm Beach Circuit Judge ruled that the city ordinance was unconstitutional and should be taken off the books. Maybe other U.S.
THE European Court of Auditors has refused to sign off the books of the EU for the past 13 years because of suspicions of widespread fraud and mismanagement.
Off the Books: The Underground Economy of the Urban Poor, by SudhirAlladi Venkatesh, Cambridge: Harvard University Press, 448 pages, $27.95
Records set by baseball players who used steroids should be taken off the books, because the use of performance-enhancing drugs in sports is cheating.