concealed amount
[kənˈsiːld əˈmaʊnt]
nounpl: concealed amounts
valor ocultado
1. A sum of money or quantity that is deliberately hidden, not disclosed, or kept secret from authorities, creditors, or other parties
The tax audit revealed a concealed amount of approximately $50,000 in offshore accounts.
A auditoria fiscal revelou um valor ocultado de aproximadamente 50 mil dólares em contas no exterior.
2. In legal and financial contexts, funds intentionally withheld or misrepresented to avoid detection or disclosure
The defendant admitted to hiding a concealed amount during the divorce proceedings.
O réu admitiu ter ocultado um valor durante os procedimentos de divórcio.
This term is frequently encountered in Brazilian legal, financial, and tax contexts, particularly regarding corruption scandals and financial audits. In the USA, it's commonly used in criminal investigations, tax fraud cases, and divorce proceedings. The concept reflects concerns about financial transparency and accountability in both countries.
NYC Slang
off-the-books money; hidden cash
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