MISAPPROPRIATION

The intentional and illegal use of property or funds belonging to another person for one’s own use or other unauthorized purpose. Frequently this term refers to the misappropriation of a government official, corporate executive or anyone who is in a fiduciary capacity and serving to protect or further the interests in the property of another person or party. This is not a technical term of law, but it is sometimes applied to the misdemeanor which is committed by a banker, factor, agent, trustee, etc, who fraudulently deals with money, goods, securities, etc., intrusted to him, or by a director or public officer of a corporation or company who fraudulently misapplies any of its property.