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misappropriation

n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate or by any person with a responsibility to care for and protect another's assets (a fiduciary duty). It is a felony (a crime punishable by a prison sentence).

See also: embezzlement  fiduciary  larceny  theft 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications