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term:
Lapping
lapping n
[gerund of lap to overlap]
: the practice of misappropriating entrusted funds and then covering up the act by using other entrusted funds or funds subsequently received in a continuous process of concealment
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.