What does misappropriate mean?
What does misappropriate mean?
: to appropriate wrongfully or unlawfully (as by theft or embezzlement) Other Words from misappropriate. misappropriation \ -ˌprō-prē-ˈā-shən \ noun.
What is an example of misappropriation?
The term “misappropriation” refers to the stealing of something, usually money, that was not meant for the thief, but which he used for his own personal gain. For example, misappropriation occurs when the CEO of a nonprofit organization uses monies meant for charity to pay for a luxurious vacation for himself.
What is the legal definition of a misappropriation?
Misappropriation is a theft crime that is defined by the specific circumstances of unlawfully stealing or misusing funds or other assets with which a person has been entrusted by the owner. In order to better understand misappropriation, it may be helpful to compare it to some other related theft crimes.
What is the meaning of misappropriation of money?
the act of stealing something that you have been asked to take care of, and using it for yourself: misappropriation of funds/money/assets He was charged with forgery and misappropriation of union assets.
What does the word Defalcate mean?
Definition of defalcate transitive verb. archaic : deduct, curtail. intransitive verb. : to engage in embezzlement.
Is appropriate and misappropriate?
As verbs the difference between appropriate and misappropriate. is that appropriate is (archaic) to make suitable; to suit while misappropriate is to use something wrongly, or illegally.
What is the difference between theft and misappropriation?
In theft, property is moved without the consent or knowledge of the owner. In Criminal Misappropriation, the offence is said to be committed when the property is converted or misappropriated with dishonest intention for offender’s own use. Mere moving of property not constitute the offence.
How are assets misappropriated?
Asset misappropriation can be defined as using company or client assets for personal gain. This is also known as “stealing.” There are two main categories of asset misappropriation: cash and noncash. Some of the popular tactics on the client asset side include embezzlement, larceny, and Ponzi schemes.
Is misappropriation a criminal?
Misappropriation of public funds is always charged as a felony crime that can’t be reduced to a misdemeanor. If you are convicted of violation of California Penal Code Section 424, you could face up to 4 years in state prison and a fine up to $10,000.
How can assets be misappropriated?
Asset misappropriation fraud happens when people who are entrusted to manage the assets of an organisation steal from it. Asset misappropriation fraud involves third parties or employees in an organisation who abuse their position to steal from it through fraudulent activity. It can also be known as insider fraud.
What does the name misappropriate mean?
misappropriate (Verb) To use something wrongly, or illegally. misappropriate (Verb) To embezzle
English Language Learners Definition of misappropriate. formal : to take (something, such as money) dishonestly for your own use : to appropriate (something) wrongly.
What does misappropriated mean?
Misappropriation is the use of funds or property for unauthorized purposes. This term is most commonly used when people such as trustees, government officials, executors, and other people charged with safeguarding funds and property are involved in the misuse of the things they have been trusted to care for.
