IPA: /ˈpɛkjʊleɪt/
KK: /ˈpɛk.jə.leɪt/
To take money or property that belongs to someone else, especially in a dishonest way.
The accountant was caught trying to peculate funds from the company.
Past: peculated
Past Participle: peculated
Peculate → It is formed from "peculatus" (meaning to embezzle or misappropriate) which comes from "peculium" (meaning private property or money). The word "peculate" means to embezzle or misappropriate funds or property entrusted to one's care.
Think of someone misusing their 'private property' ('peculium') — that's why peculate means to embezzle or misappropriate.