- off-the-books ˌoff-the-ˈbooks adjective [only before a noun] ACCOUNTINGoff-the-books payments are those made or received without being officially recorded, so that the tax authorities do not know about them:
• Officials used to give off-the-books bonuses to senior executives.— off the books adverb :
• The workers are often paid off the books, well below the minimum wage.
* * *off-the-books UK US adjective ACCOUNTING► used to describe a payment that is not officially recorded, so that no tax is paid on it: »
Off-the-books payment of wages in cash still happens in some small businesses.off-the-books adverb► »
They were paid off-the-books.
Financial and business terms. 2012.
Look at other dictionaries:
Off the Books — Single by The Beatnuts featuring Big Punisher Cuban Link from the album Stone Crazy … Wikipedia
off the books — ˌoff the ˈbooks adjective [only before a noun] ACCOUNTING off the books payments are those made or received without being officially recorded, so that the tax authorities do not know about them: • Officials used to give off the books bonuses to… … Financial and business terms
off-the-books — off′ the books′ adj. ecn not recorded in account books or not reported as taxable income: off the books payments[/ex] • Etymology: 1960–65 … From formal English to slang
off the books — Book Book (b[oo^]k), n. [OE. book, bok, AS. b[=o]c; akin to Goth. b[=o]ka a letter, in pl. book, writing, Icel. b[=o]k, Sw. bok, Dan. bog, OS. b[=o]k, D. boek, OHG. puoh, G. buch; and fr. AS. b[=o]c, b[=e]ce, beech; because the ancient Saxons and … The Collaborative International Dictionary of English
off-the-books — adjective Date: 1980 not reported or recorded < off the books transactions > < off the books covert operations > • off the books adverb … New Collegiate Dictionary
off-the-books — ˌ ̷ ̷ ̷ ̷ ¦ ̷ ̷ adjective Etymology: book (I) (record of business transactions) : not reported or recorded off the books transactions off the books covert operations * * * /awf dheuh books , of /, adj. not recorded in account books or not… … Useful english dictionary
off the books — without being included on official financial records. Waiters, cashiers, and busboys often work off the books, getting paid in cash. Usage notes: sometimes used with keep or take: Officials have kept their expenses off the books … New idioms dictionary
off the books — adverb see off the books … New Collegiate Dictionary
off the books — adjective Undeclared for tax and social insurance etc. His company was fined for paying staff off the books … Wiktionary
off-the-books — Cash or barter; Business done without records to avoid taxation. ► “So many Spaniards do off the book jobs that they’ve adopted a word for it, chapuza, which literally means slipshod.” (Wall Street Journal, Nov. 30, 1995, p. A14) … American business jargon