Peculate \Pec"u*late\, v. i. [imp. & p. p. {Peculated}; p. pr. & vb. n. {Peculating}.] [L. peculatus, p. p. of peculari to peculate, akin to peculium private property. See {Peculiar}.] To appropriate to one's own use the property of the public; to steal public moneys intrusted to one's care; to embezzle. An oppressive, . . . rapacious, and peculating despotism. --Burke.