IPA: /pɪˈkjuːliəm/
KK: /pɪˈkjuːliəm/
A special fund set aside for personal or private use, often managed separately from other finances.
He used his peculium to invest in his own business.
Peculium is derived from the Latin "peculium" (meaning private property or personal estate). The term originally referred to a sum of money or property that a slave could own separately from their master, indicating a form of personal wealth or possession.
Think of 'peculium' as a special kind of 'private property' — it helps you remember that it refers to personal wealth or possessions.