EMBEZZLEMENT

embezzlement, peculation, defalcation, misapplication, misappropriation

(noun) the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else

Source: WordNet® 3.1

Etymology

Noun

embezzlement (plural embezzlements)

(legal, business) The fraudulent conversion of property from a property owner.

Synonyms

• misappropriation

Source: Wiktionary

Em*bez"zle*ment, n.

Definition: The fraudulent appropriation of property by a person to whom it has been intrusted; as, the embezzlement by a clerk of his employer's; embezzlement of public funds by the public officer having them in charge.

Note: Larceny denotes a taking, by fraud or stealth, from another's possession; embezzlement denotes an appropriation, by fraud or stealth, of property already in the wrongdoer's possession. In England and in most of the United States embezzlement is made indictable by statute.

Source: Webster’s Unabridged Dictionary 1913 Edition

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