Peculation


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Peculation

The unlawful appropriation, by a depositary of public funds, of the government property entrusted to the care of the depository; the fraudulent diversion to an individual's personal use of money or goods entrusted to that person's care.

peculation

n. misappropriation of public (government) funds or property. (See: misappropriation)

See: bad faith, bad repute, conversion, embezzlement, larceny, misappropriation, misusage, theft

PECULATION, civil law. The unlawful appropriation by a depositary of public funds, of the property of the government entrusted to his care, to his own use or that of others. Domat, Suppl. au Droit Public, liv. 3, tit. 5.

References in periodicals archive ?
The company staging the London show says the change was brought about by financial difficulties last year when sales of new cars were slowed by s peculation over price cuts.
But we think it necessary, in justification of ourselves, to declare that the laws of morality are the same everywhere, and that there is no action which would pass for an act of extortion, of peculation, of bribery, and of oppression in England, that is not an act of extortion, of peculation, of bribery, and oppression in Europe, Asia, Africa and all the world over.
War Department records, for his "profanity, brutality, incompetence, peculation, recklessness, insubordination, tyranny and mendacity" (Miller, 105-7).
90) Madison spoke about a President perverting his administration "into a scheme of peculation or oppression.
Sixteenth-century Rome was rife with satirical comments concerning "Bramante ruinante," and Michelangelo would have been only one among many to accuse the architect of poor constructional techniques, if not of peculation.
These stem from uncertainty regarding the final size of the annual cotton harvest and from peculation concerning the effects of pest and disease in different parts of the country.
In addition to the clauses of the oath and their demands at York on October 17, they demanded the recognition of the liberties of the Church under the Pope granted by Magna Carta; the affirmation that only Convocation could deal with spiritual matters; the suppression of heretical books; the restoration of Princess Mary, bastardized by Henry's "marriage" to Anne Boleyn; the prosecution of the royal commissioners, described as lewd, ignorant, brutal men "for extortion, peculation, and other abominable acts"; the restoration of holy days; and the end to enclosure.
Bardur's brother Vilhjalmur is the president of a bank until he is found guilty of peculation, for which he is sent to prison for a year and a half.
For example, he strongly criticizes the gross abuse of the proper activities of the legal system, the peculation of public money, the general sycophancy rampant in the usually vaunted democratic Athens of Pericles, though Pericles himself suffers little reproach.
S peculation suggests the reason for this may have been the climate changing, as this can have an adverse effect on rat and flea populations.
At the same time, there was frequent suspicion of peculation, although Bannerman suggests that abuses were less extensive than many believed and that high-profile cases cannot be held as representative of the entire system.
What had been but a cottage industry became wholesale looting, peculation, influence-peddling, and embezzlement, all under a careful cover of legality and deep public purpose.