\Em*bez"zle*ment\, n.
The fraudulent appropriation of property by a person to whom
it has been intrusted; as, the embezzlement by a clerk of his
employer's; embezzlement of public funds by the public
officer having them in charge.
Note: Larceny denotes a taking, by fraud or stealth, from
      another's possession; embezzlement denotes an
      appropriation, by fraud or stealth, of property already
      in the wrongdoer's possession. In England and in most
      of the United States embezzlement is made indictable by
      statute.