peculation
General noun
The embezzlement or misappropriation of public money or property entrusted to one's care.
An audit revealed years of quiet peculation, with contracts routinely steered towards the treasurer's relatives.
Law noun
The misappropriation of public money or property by a person holding an official position.
The commission uncovered widespread peculation among officials administering the relief fund.
Business noun
The embezzlement of public money or property by an official.
The minister's peculation of relief funds provoked a national scandal.
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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