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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Nglish: Translation of lapping for Spanish Speakers

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authorized for issue (as a bond)

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