Reading Theme:
Embezzlement Definition, Usage & Legal Consequences
Meaning 1:misappropriation of funds (embezzlement)
embezzlement
/ɪmˈbez.əl.mənt/
n.
taking money that someone trusted you to look after, and using it for yourself without permission.
misappropriation of funds
➕
/ˌmɪs.əˌproʊ.priˈeɪ.ʃən əv fʌndz/
n.
The fraudulent appropriation of property (typically money) entrusted to one's care but owned by another.
📘 Details & Usage
📖 Root Explanation
From Old French 'embesillier' (to make away with, cause to disappear, maltreat). Entered English via Anglo-French.
💡 Mnemonic
Imagine someone saying, 'EMpire's B.E.S. (Business Expenses) ZLE (fizzle)' - funds vanish from the business account.
📖 Example
The company's accountant was fired and arrested for embezzlement after he transferred funds to buy himself a luxury car.
The company's accountant was fired and arrested for misappropriation of funds after he transferred funds to buy himself a luxury car.
🔗 Collocations
corporate embezzlement – funds stolen from a company by an employee or officer
charged with embezzlement – formally accused of the crime of embezzlement
embezzlement scheme – a planned method for secretly taking entrusted money
🔄 Synonyms
misappropriation (n.) – the dishonest or unauthorized use of funds or property entrusted to one's care.
defalcation (n.) – a formal term, often legal, for embezzlement or the misappropriation of funds by a person in a position of trust.
peculation (n.) – the act of embezzling or misappropriating public or official funds.
🌱 Derivatives
📖 Cultural Story
The word entered English in the 15th century from Anglo-French. It reflects a longstanding legal and social concern regarding the abuse of entrusted property, a concept central to trust-based economic systems and fiduciary law.
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