PECULATION Meaning of PECULATION in English [ pɛkjʊ'leɪʃ(ə)n ]■ noun formal the embezzlement of public funds.Derivativespeculate verbpeculator noun OriginC17: from L. peculat- , peculari 'peculate'. Concise Oxford English vocab. Сжатый оксфордский словарь английского языка. 2004