misuse of funds
noun phraseUK /ˌmɪsˈjuːs əv fʌndz/
US /ˌmɪsˈjuːs əv fʌndz/
Using money for the wrong thing on purpose.
The manager was fired for the misuse of funds after buying a boat with the school's money.
RELATED WORDS
OTHER MEANINGS
2. Spending money in a careless or wasteful way.
The report criticized the misuse of funds on fancy dinners.
3. Using public money for personal benefit.
The official was charged with misuse of funds for paying his own bills.
4. Breaking the rules about how money must be spent.
Giving the grant money to a friend was a clear misuse of funds.