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