The Collaborative International Dictionary of English v.0.48:
Embezzle \Em*bez"zle\ ([e^]m*b[e^]z"z'l), v. t. [imp. & p. p.
Embezzled ([e^]m*b[e^]z"z'ld); p. pr. & vb. n.
Embezzling.] [Norm. F. embeseiller to destroy; cf. OF.
besillier to ill treat, ravage, destroy. Cf. Bezzle.]
1. To appropriate fraudulently to one's own use, as property
intrusted to one's care; to apply to one's private uses by
a breach of trust; as, to embezzle money held in trust.
2. To misappropriate; to waste; to dissipate in extravagance.
To embezzle our money in drinking or gaming.