misapply vs misappropriate

13:19 Aug 26, 2014 

13:14 Aug 26, 2014 

Misappropriation
The intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a deceased person's estate, or by any person with a responsibility to care for and protect another's assets.
http://www.law.cornell.edu/wex/misappropriation

Misapplication [misappropriation] of Property
The use of funds or property for a purpose other than that for which they are intended or legally required to be used; implies a conscious misappropriation or illegality. See 66 A. 420, 424.
“Misapplication” and “misappropriation” particularly apply to the acts of a fiduciary [one in a position of trust], including public servants as well as private trustees. The terms can include the misapplication of funds intended for another purpose, e.g., the misapplication of public money, or the conversion of another’s funds for one’s own benefit. See 147 F. 349, 357. Thus embezzlement is included as a type of misapplication or misappropriation.
http://www.answers.com/topic/misapplication-misappropriation...
http://www.answers.com/topic/embezzlement