Peculation meaning

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.
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Embezzle-ment, especially when done by a public official.
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(law, chiefly historical) The wrongful appropriation or embezzlement of shared or public property, usually by a person entrusted with the guardianship of that property.
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Origin of peculation

  • 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").
    From Wiktionary