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What does embezzlement mean?

Looking for the meaning or definition of the word embezzlement? Here's what it means.

Noun
  1. (law, business) The fraudulent conversion of property from a property owner.
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Theft is theft, whether it be via a home burglary, corporate embezzlement scheme or a file-sharing network.
There is white-collar crime including embezzlement, tax evasion, and bribes to officials.
He was subsequently charged and sentenced in absentia to 22 years in prison for embezzlement.
However, the father was a charmer, with a suggested history of fraud and embezzlement.
The legislation will simplify the law on larceny, fraudulent conversion, forgery and embezzlement.
At the same time, some senior staff within the bank were involved in frauds and embezzlement.

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