Misapplication [Misappropriation] of Property

The use of funds or property for a purpose other than that for which they are intended or legally required to be used; implies a conscious misappropriation or illegality. See 66 A. 420, 424. "Misapplication" and "misappropriation" particularly apply to the acts of a fiduciary [one in a position of trust], including public servants as well as private trustees. The terms can include the misapplication of funds intended for another purpose, e.g., the misapplication of public money, or the conversion of another's funds for one's own benefit. See 147 F. 349, 357. Thus embezzlement is included as a type of misapplication or misappropriation. See 64 P. 692, 693. Compare larceny.