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Wordnet 3.0

NOUN (1)

1. misconduct in public office;


The Collaborative International Dictionary of English v.0.48:

Malversation \Mal`ver*sa"tion\, n. [F., fr. malverser to be corrupt in office, fr. L. male ill + versari to move about, to occupy one's self, vertere to turn. See Malice, and Verse.] Evil conduct; fraudulent practices; misbehavior, corruption, or extortion in office. [1913 Webster]
WordNet (r) 3.0 (2006):

malversation n 1: misconduct in public office
Bouvier's Law Dictionary, Revised 6th Ed (1856):

MALVERSATION, French law. This word is applied to all punishable faults committed in the exercise of an office, such as corruptions, exactions, extortions and larceny. Merl. Repert. h.t.