Pec·u·la·tion n. The act or practice of peculating, or of defrauding the public by appropriating to one's own use the money or goods intrusted to one's care for management or disbursement; embezzlement.
Every British subject . . . active in the discovery of peculations has been ruined. --Burke.
n : the fraudulent appropriation of funds or property entrusted
to your care but actually owned by someone else [syn: embezzlement,
defalcation, misapplication, misappropriation]