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The act of embezzling or misappropriating funds or property entrusted to one's care.
synonyms:embezzlementmisappropriation
The term peculation comes from the Latin word 'peculatio,' which is derived from 'peculare,' meaning 'to steal.' The root 'pecu' relates to cattle or property, highlighting the idea of misappropriating what belongs to someone else.
This word is often used in legal and financial contexts, particularly when discussing theft or fraud involving funds or assets.
While not commonly used in everyday conversation, it appears in legal and financial discussions, making it more prevalent in formal contexts.
The accountant was charged with peculation after it was discovered that he had been siphoning off funds for personal use.
In the wake of the scandal, the company implemented stricter oversight to prevent any future instances of peculation.
The investigation revealed a pattern of peculation among several employees, leading to a complete audit of the department.
Peculation is a term that might sound foreign to many, but it encapsulates a serious issue: the misappropriation of funds. Originating from Latin, it highlights the historical connection between property and trust. Though it’s not a word you’d toss around at a casual dinner party, understanding it can give you insight into the world of finance and law. So, next time you hear about a financial scandal, remember this word and the gravity it carries!