Meaning of “peculation” in the English Dictionary

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"peculation" in Business English

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peculationnoun [ U ]

uk /ˌpekjʊˈleɪʃən/ us LAW

the act of illegally taking or using money, especially public money, that you are responsible for managing:

The cabinet minister is being held on charges of peculation of government funds.

(Definition of “peculation” from the Cambridge Business English Dictionary © Cambridge University Press)