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Peculation

//pɛkjʊˈleɪʃən// noun

Definitions

Noun
  1. 1
    The wrongful appropriation or embezzlement of shared or public property, usually by a person entrusted with the guardianship of that property. countable, historical, uncountable

    "[The Chief Magistrate] might pervert his administration into a scheme of peculation or oppression."

  2. 2
    the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else wordnet

Etymology

From Latin pecūlātiō (“embezzlement”) from pecūlor (“to defraud the public”), related to pecūlium (“property in cattle, private property”), from pecū (“cattle, money”).

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