watch·dog

[woch-dawg, -dog] noun, adjective, verb, watch·dogged, watch·dog·ging.
noun
1.
a dog kept to guard property.
2.
a watchful guardian: a self-appointed watchdog of the public morals.
adjective
3.
of, pertaining to, or characteristic of a watchdog.
4.
organized or functioning as a watchful guardian, especially against illegal or unethical conduct: a watchdog group in the legislature.
verb (used with object)
5.
to watch carefully, especially so as to detect illegal or unethical conduct.

Origin:
1600–10; watch + dog

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source Link To watchdog
00:10
Watchdog is one of our favorite verbs.
So is peculate. Does it mean:
to introduce subtleties into or argue subtly about.
to steal or take dishonestly (money, esp. public funds, or property entrusted to one's care); embezzle.
Collins
World English Dictionary
watchdog (ˈwɒtʃˌdɒɡ) [Click for IPA pronunciation guide]
 
n
1.  a dog kept to guard property
2.  a.  a person or group of persons that acts as a protector or guardian against inefficiency, illegal practices, etc
 b.  (as modifier): a watchdog committee

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
The basic issues have to do with distancing the hens from the watchdog.
Opening an account requires a week of bureaucratic procedures and a respected
  watchdog agency monitors large transactions.
Academia, with its left leaning views prides itself as a watchdog.
The watchdog's tough line on longevity is not the only worry for firms with
  final-salary schemes.
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