Definition, Meaning & Synonyms

misappropriation-of-funds

noun

/ˌmɪsəˌproʊpriˈeɪʃən ʌv fʌndz/

Definition

The act of taking or using funds that belong to someone else for one’s own purposes without permission.

Examples

The accountant was charged with misappropriation of funds after funds destined for charity were redirected into his personal account.
Misappropriation of funds can lead to severe legal consequences, including fines and imprisonment.
The company conducted an audit to investigate the possibility of misappropriation of funds by a former employee.

Meaning

Misappropriation of funds refers to the unlawful or unauthorized use of money or property entrusted to a person or organization, typically for personal gain.