- Embezzlement is the usual term used for this crime in modern laws.
From Latin peculatus (“embezzlement”), from past participle stem of peculor (“to defraud the public”), related to peculium (“property in cattle", "private property”), from pecu (“cattle", "money”).
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
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