The term 'misappropriate (funds)' can be defined as the act of embezzling, which is an 8-letter word. Embezzlement is a form of financial fraud in which someone illegally takes money or property that has been entrusted to them. It is usually done by someone in a position of power or authority, such as a business executive, government official, or other person in a fiduciary role. The perpetrator typically uses the funds for their own personal gain, rather than for the benefit of the organization or individual they are supposed to be serving.