Peculation (Noun)
Meaning
The fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else.
Classification
Nouns denoting acts or actions.
Examples
- The former financial manager was charged with peculation for using company funds to pay his own debts.
- She was fired from her job at a non-profit organization after it was discovered that she had engaged in peculation, using donations to pay for personal expenses.
- The peculation of taxpayer money by the corrupt politician led to widespread outrage and calls for his resignation.
- Investigators uncovered evidence of peculation in the accounting firm, where employees had been embezzling funds from client accounts.
- The lawyer was accused of peculation for using money from his clients' trust funds to invest in his own business ventures.