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Words in Business News
By Jon Fernquest

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[Thai Economics Library | Archives (for history)]
February 23, 2009

offthebooks

Off the books

off-the-books (adjective) - hidden financial transactions (not included in official accounting records)

off-the-books, illegal activities
the inspector has found no evidence of any off-the-books, illegal activities

off-the-books activities are not documented, precisely so that deniability can be preserved

off-the-books deals
not going to go ahead with these off-the-books deals

off-the-books debts

off-the-books partnerships
revelations of the huge losses sustained by its off-the-books partnerships
the company's use of off-the-books partnerships to hide some of its debt

off-the-books subsidiaries

off- the-books transactions
Enron's many off-the-books transactions might be illegal or in violation of securities regulations

off-the-books deal
agreed to forfeit nearly $1 million in profits from an off-the-books deal at Enron''

off-the-books labour
contract labor arrangements and off-the-books labour, including work by illegal immigrants

off-the-books money
the company offered off-the-books money to a few select workers

off-the-books-work
found off-the-books work in the vegetable markets
they are fearful of being locked up and deported. So they are taking off-the-books jobs and keeping their mouths shut

off-the-books earnings
new workfare rules make it harder to combine a relief check with off-the-books earnings, even as a better economy makes it easier to find a part-time job

off-the-books jobs
they scraped together enough income to survive from family members, absent boyfriends, off-the-books jobs and church charity

off-the-books compensation
an off-the-books compensation scheme for executives

Enron directors were aware of everything from extensive off-the-books deals to conflicts of interest and excessive compensation for senior executives

an off-the-books entity
In 1989 Harken concealed losses by selling most of a subsidiary to an off-the-books entity controlled by company insiders

created off-the-books private partnerships that disguised the true financial condition of the company.




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