Third-person singular present tense: to steal money or property from an employer or organization in a dishonest and illegal way.
From embezzle, whose origin is debated—possibly from Old French embesillier (to damage, squander) or Anglo-Norman legal terminology. The verb entered English in the 15th century.
Embezzle is a weirdly specific crime—you can't embezzle from someone walking down the street, only from an organization where you have a position of trust, which is why accountants and financial officers commit the biggest embezzlements.
Complete word intelligence in one call. Free tier — 50 lookups/day.