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misappropriate

 
 
/ˌmɪsəˈprəʊprieɪt/ verb [T] formal FINANCE, ACCOUNTING

Definition

to steal something that you have been asked to take care of, and use it for yourself: The court found that he had misappropriated €50,000 intended for investment on behalf of a customer.misappropriate funds/money/property She lied to investors and misappropriated taxpayer funds. → See Note steal
(Definition of misappropriate verb from the Cambridge Business English Dictionary © Cambridge University Press)

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