lapping
noun
lap·ping
ˈla-piŋ
: the practice of misappropriating entrusted funds and then covering up the act by using other entrusted funds or funds subsequently received in a continuous process of concealment
Cite this Entry
“Lapping.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/lapping. Accessed 8 Dec. 2025.
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