lapping

noun
lap·​ping | \ ˈla-piŋ \

Legal Definition of lapping

: 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

History and Etymology for lapping

gerund of lap to overlap

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Dictionary Entries Near lapping

Lanham Act

lapping

lapse

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Cite this Entry

“Lapping.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/lapping. Accessed 21 Oct. 2021.

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Thesaurus: All synonyms and antonyms for lapping

Nglish: Translation of lapping for Spanish Speakers

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