peculation

peculation definition - legal

n

  1. The fraudulent misuse of funds by one to whom they have been entrusted for purposes for which those funds were not intended,  especially the misuser’s own benefit.
  2. Embezzle-ment, especially when done by a public official.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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