The most common and most likely answer to this crossword clue is the 13 letter word APPROPRIATION
I've seen this crossword clue in The Daily Telegraph
A
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Buddy explains!
The straight part
We know that "embezzlement" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case embezzlement = appropriation.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does APPROPRIATION mean?
APPROPRIATION noun- An act or instance of appropriating.
- That which is appropriated.
- Public funds set aside for a specific purpose.
- The use of borrowed elements in the creation of a new work.
- The assimilation of concepts into a governing framework.
- In church law, the making over of a benefice to an owner who receives the tithes, but is bound to appoint a vicar for the spiritual service of the parish.
- In constitutional law, the principle that supplies granted by parliament are only to be expended for particular objects specified by itself.