term:

Misapply

misapply vt

-plied
-ply·ing
: to misuse or spend (as public money) without proper authority
;specif
: to willfully and unlawfully convert (bank funds) for the use, benefit, or gain of oneself or a third party esp. through one's position as a bank employee or officer
mis·ap·pli·ca·tion [mi-sa-plə-kā-shən]
n

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.