PECULATION
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
peculation (countable and uncountable, plural peculations)
(legal, chiefly, historical) The wrongful appropriation or embezzlement of shared or public property, usually by a person entrusted with the guardianship of that property.
Usage notes
• Embezzlement is the usual term used for this crime in modern laws.
Anagrams
• cupelation, unpoetical
Source: Wiktionary
Pec`u*la"tion, n.
Definition: The act or practice of peculating, or of defrauding the public
by appropriating to one's own use the money or goods intrusted to
one's care for management or disbursement; embezzlement.
Every British subject . . . active in the discovery of peculations
has been ruined. Burke.
Source: Webster’s Unabridged Dictionary 1913 Edition