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Verb: peculate  'pe-kyu,leyt
  1. Appropriate (as property entrusted to one's care) fraudulently to one's own use
    "The accountant peculated thousands of dollars while working for the wealthy family";
    - embezzle, defalcate, misappropriate, malversate

Derived forms: peculated, peculates, peculating

Type of: rip [N. Amer, informal], rip off [informal], steal

Encyclopedia: Peculate