Source : Webster's Revised Unabridged Dictionary (1913)

Embezzle \Em*bez"zle\, v. t. [imp. & p. p. {Embezzled}; p. pr. &
   vb. n. {Embezzling}.] [Norm. F. embeseiller to destroy; cf.
   OF. besillier to ill treat, ravage, destroy. Cf. {Bezzle}.]
   1. To appropriate fraudulently to one's own use, as property
      intrusted to one's care; to apply to one's private uses by
      a breach of trust; as, to embezzle money held in trust.

   2. To misappropriate; to waste; to dissipate in extravagance.
      [Obs.]

            To embezzle our money in drinking or gaming.
                                                  --Sharp.

Source : WordNet®

embezzle
     v : appropriate (as property entrusted to one's care)
         fraudulently to one's own use; "The accountant embezzled
         thousands of dollars while working for the wealthy
         family" [syn: {defalcate}, {peculate}, {misappropriate},
         {malversate}]