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Noun: embezzlement  em'be-zul-munt
  1. The fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else
    "He did six years for embezzlement";
    - peculation, defalcation, misapplication, misappropriation

Derived forms: embezzlements

Type of: larceny, stealing, theft, thievery, thieving

Encyclopedia: Embezzlement