misappropriation

Definition

The corporate euphemism for 'stealing,' typically involving someone with fiduciary responsibility who decided that 'other people's money' is really more of a suggestion than a rule. It's the white-collar crime of choice for accountants, executives, and nonprofit board members who convinced themselves they were just 'borrowing' the funds temporarily. Unlike shoplifting a candy bar, this usually involves spreadsheets, offshore accounts, and a lawyer explaining why technically it's 'misappropriation' not 'theft.'

Example Usage

The CFO was charged with misappropriation of funds after investigators discovered $2 million in 'consulting fees' paid to his wife's shell company.

Source: Legal and financial terminology

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