Peculation Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Peculation, written in plain English, along with examples of how it is used.
What is Peculation?
It refers to illegal, unauthorised and defrauding use of the public or government property for personal use.
History and Meaning of Peculation
Peculation is a legal term used to describe the embezzlement of funds or property belonging to a government or public office. It has been in use since the 16th century, where it was originally used to describe the act of stealing from a government official. Its usage has since evolved to include the misuse of public property, funds or other government resources for personal gain, regardless of the individual's position within the government.
Examples of Peculation
- A government official is caught using public funds to pay for personal expenses like vacations or expensive gifts for their family.
- A government employee is caught using a government vehicle for personal use over the weekend.
- A public office is caught providing contracts to friends or family members, rather than the most qualified bidder.
- A city official is caught taking bribes in exchange for awarding building permits.
Legal Terms Similar to Peculation
- Embezzlement - This refers to the act of stealing funds from an employer or company.
- Misappropriation - This refers to the act of using funds that were earmarked for one purpose on something unrelated without authorization.
- Fraud - This involves intentionally deceiving someone for personal or monetary gain.