Peculation Legal Meaning and Definition

Here is a simplified definition of the legal term Peculation.

Peculation (noun)

Definition: The act of wrongfully, dishonestly, or unlawfully using someone else's property (usually those of the government or public organization) for personal benefits or gain. This can be cash, assets, or resources, essentially anything considered public goods. Peculation is considered a crime and is a type of embezzlement.