noun
misappropriation of public funds; embezzlement of public money
Refers to the illegal use or theft of government or public money by an official or employee.
市の職員が公金横領で逮捕された。
A city employee was arrested for misappropriation of public funds.
公金横領事件の捜査が進んでいる。
The investigation into the public funds embezzlement case is progressing.
Compound of 公金 (public funds) and 横領 (embezzlement). The exact historical derivation is uncertain, but the term is a straightforward Sino-Japanese legal compound.