misapply

transitive verb | \ ˌmi-sə-ˈplī \ | mis·ap·ply

1. : to misuse or spend (as public money) without proper authority; specifically : to willfully and unlawfully convert (bank funds) for the use, benefit, or gain of oneself or a third party especially through one's position as a bank employee or officer : to willfully and unlawfully convert (bank funds) for the use, benefit, or gain of oneself or a third party especially through one's position as a bank employee or officer