Embezzlement vs. Fraud

Embezzlementnoun

The fraudulent conversion of property from a property owner.

Embezzlementnoun

The fraudulent appropriation of property by a person to whom it has been intrusted; as, the embezzlement by a clerk of his employer's money; embezzlement of public funds by the public officer having them in charge.

Embezzlementnoun

the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else

Embezzlementnoun

theft or misappropriation of funds placed in one's trust or belonging to one's employer

Embezzlement

Embezzlement is the act of withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type of financial fraud.

Fraudnoun

(law) The crime of stealing or otherwise illegally obtaining money by use of deception tactics.

Fraudnoun

Any act of deception carried out for the purpose of unfair, undeserved and/or unlawful gain.

Fraudnoun

The assumption of a false identity to such deceptive end.

Fraudnoun

A person who performs any such trick.

Fraudnoun

(obsolete) A trap or snare.

Fraudverb

(obsolete) To defraud

Fraudnoun

Deception deliberately practiced with a view to gaining an unlawful or unfair advantage; artifice by which the right or interest of another is injured; injurious stratagem; deceit; trick.

Fraudnoun

An intentional perversion of truth for the purpose of obtaining some valuable thing or promise from another.

Fraudnoun

A trap or snare.

Fraudnoun

intentional deception resulting in injury to another person

Fraudnoun

a person who makes deceitful pretenses

Fraudnoun

something intended to deceive; deliberate trickery intended to gain an advantage

Fraud

In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong.