misapply

mis·ap·ply   (mĭs'ə-plī')    tr.v.   mis·ap·plied, mis·ap·ply·ing, mis·ap·plies To use or apply wrongly. mis·ap'pli·ca'tion (-āp'lĭ-kā'shən) n.

Main Entry: mis·ap·ply
Pronunciation: "mi-s&-'plI
Function: transitive verb
Inflected Forms: -plied; -ply·ing
: to misuse or spend (as public money) without proper authority; specifically : 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-pl&-'kA-sh&n/ noun