In Indian informal and business parlance, 'white money' refers to money that is declared, taxed, and circulates legally — as opposed to 'black money,' which is undeclared cash from unreported income or corruption. The white/black distinction is a central part of Indian economic conversation around taxation, corruption, and the informal economy. The term is especially prominent in discussions around demonetization and tax policy.
He insisted that every transaction was done in white money and that he had the receipts to prove it.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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(India) Money that circulates legally.
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