EMBEZZLING Meaning and
Definition
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Embezzling is a term that refers to a form of financial fraud where someone misappropriates funds or assets entrusted to them for their own personal gain. It involves misusing or stealing money or assets that are under one's control or responsibility, typically within a professional or fiduciary capacity. The act of embezzling often occurs when an individual, such as an employee or financial manager, intentionally diverts funds from the rightful owner or organization to their own personal accounts or benefits.
This fraudulent activity usually involves a breach of trust and a violation of the legal and ethical obligations one has towards the assets they are entrusted with. Embezzlement can take various forms, such as manipulating financial records, forging documents, creating false invoices, or simply appropriating cash from company accounts. Embezzlers often attempt to hide or conceal their actions through deception and false bookkeeping, aiming to cover up the illegal conversions they have made.
As a criminal offense, embezzlement is punishable by law and can lead to severe penalties, including fines, restitution, and imprisonment, depending on the jurisdiction and the amounts involved. It is considered a serious breach of trust that can cause significant financial harm to businesses, organizations, and individuals.
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Making away by a servant with property intrusted to him by his master.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for EMBEZZLING *
* 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 EMBEZZLING
Etymology of EMBEZZLING
The word embezzling comes from the Middle English term embezilen, which was derived from the Old French word embeseiller. This French word can be traced back to the Latin word bassiare, meaning to lower. In medieval Latin, it transformed into bassus, meaning short of stature or low. Over time, bassus led to the development of the Old French word beseiller, meaning to bring low or to take away. Eventually, the word embeseiller gained a more specific meaning related to misappropriation of funds or property, which now corresponds to the modern English term embezzling.
Similar spelling words for EMBEZZLING
Conjugate verb Embezzling
CONDITIONAL
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