EMBEZZLED Meaning and
Definition
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Embezzled is a term used to describe an illegal act involving the misappropriation or theft of funds or property entrusted to one's care, typically in a professional or financial setting. It involves the deliberate conversion of another person's assets for personal gain, without their knowledge or consent.
When someone embezzles, they abuse their position of trust, such as a financial manager, bookkeeper, or corporate officer, to divert funds or assets for personal use. This often entails manipulating financial records, forging documents, or fabricating transactions to conceal the theft and make it harder to detect.
Embezzlement typically occurs within an organization where an individual has access to funds or assets, primarily for personal financial advancement. The embezzler may exploit loopholes, weaknesses, or inadequate checks and balances within an institution to carry out their fraudulent activities.
The act of embezzlement is considered a serious offense, both legally and ethically, as it breaches the fiduciary responsibility owed to the rightful owner of the misappropriated goods. Legal penalties for individuals convicted of embezzlement can include fines, restitution payments, probation, and even imprisonment, depending on the severity and amount of money or property involved.
In summary, embezzlement refers to the unauthorized conversion or theft of someone else's assets by an individual in a trusted position, with the intention of using those assets for personal gain without the owner's knowledge or consent.
Top Common Misspellings for EMBEZZLED *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for EMBEZZLED
Etymology of EMBEZZLED
The word "embezzle" is derived from the Middle English term "embesilen", which originated from the Old French word "embesillier". In turn, the Old French term can be traced back to the Vulgar Latin word "imbellitiāre", which means to commit a misappropriation or to destroy someone's trust. The root of "imbellitiāre" is "bellum", meaning war, suggesting the act of secretly siphoning off funds or property as an act of covert aggression.
Similar spelling words for EMBEZZLED
Conjugate verb Embezzled
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