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From: Webster's Revised Unabridged Dictionary (1913)

 Pec·u·late v. i. [imp. & p. p. Peculated p. pr. & vb. n. Peculating.]  To appropriate to one's own use the property of the public; to steal public moneys intrusted to one's care; to embezzle.
    An oppressive, . . . rapacious, and peculating despotism.   --Burke.