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Difference between Black money and White money

black money

1. money not declared for tax purposes (by casino operators, etc.):

  • Erlich has also promised an amnesty for those who reveal their black money and pay a tax on it.

2. money paid to workman handling dirty materials or working in dirty conditions:

  • When any class of work involves special unpleasantness, “black money” or “dirty money” is sometimes stipulated for.

white money—(arch.) standard silver coins:

  • Rutland pays to the King one hundred and fifty pounds white money.

See also: pink money / red money.