- Embezzlement is the usual term used for this crime in modern laws.
peculation - Legal Definition
- 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.
- Embezzle-ment, especially when done by a public official.
Variant of peculate
intransitive verbpeculated, peculating
to steal or misuse (money or property entrusted to one's care, esp. public funds); embezzle
Origin of peculate; from Classical Latin peculatus, past participle of peculari, to embezzle ; from peculium, private property ; from pecus, cattle: for Indo-European base see fee