EMBEZZLES Meaning and
Definition
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To embezzle is a verb that refers to the act of dishonestly and illegally appropriating or misappropriating funds, possessions, or assets entrusted to one's care, typically for personal gain. Individuals who embezzle usually have legal access to these resources due to their professional role or position of trust within an organization. However, instead of using these resources in a lawful manner, they secretly divert them for their own personal use.
Embezzling often involves a breach of trust where the offender manipulates financial records or intentionally conceals their actions to avoid detection. By doing so, they intentionally deceive others and exploit the trust placed in them by their employers, colleagues, or clients.
Embezzlement can take various forms, including siphoning funds from company accounts into personal bank accounts, altering financial statements to cover up discrepancies, creating fictitious transactions or vendors to redirect funds, or abusing corporate credit cards for personal expenses.
Embezzlement is considered a serious criminal offense and is punishable by law in many jurisdictions worldwide. The severity of the punishment usually depends on the amount of money or value stolen, the degree of premeditation, and the extent of the harm caused to the victims or organizations involved.
Overall, embezzlement involves the illegal and deceptive acquisition of entrusted resources, usually for personal financial gain, indicating a betrayal of trust within an organizational or fiduciary relationship.
Top Common Misspellings for EMBEZZLES *
* 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 EMBEZZLES
Etymology of EMBEZZLES
The word "embezzles" is derived from the English verb "embezzle". The etymology of "embezzle" can be traced back to the Middle French word "embeseiller", meaning to place in trust or to do business with. It was formed by combining the prefix "em-" (indicating inward or intensive action) with the word "baësiller" (derived from "baës", meaning purse or bag). Over time, "embeseiller" evolved into "embezzler" in English, specifically referring to the act of fraudulently appropriating or misusing funds entrusted to one's care.
Similar spelling words for EMBEZZLES
Conjugate verb Embezzles
CONDITIONAL
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