Words / M / Business

malversation

noun/ˌmælvəˈseɪʃn/

C2CEFR level
95/100Rarity: very rare
TechnicalRegister

Corrupt or fraudulent conduct in a position of trust, especially the misuse of entrusted or public funds.

The auditor's report exposed years of malversation by the pension trustees, prompting a criminal referral.

Similar: embezzlement, misappropriation, graft

Topic: Corporate governance in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Corporate governance