Which term refers to the theft of funds by employees specifically?

The term that specifically refers to the theft of funds by employees is embezzlement. Embezzlement occurs when an individual who is entrusted with managing or overseeing someone else's funds misappropriates those funds for their own use. This can happen in various forms, such as an employee siphoning off money from company accounts or manipulating financial records to steal assets.

Robbery generally refers to taking property from a person or place by force or threat, which does not align with employee-related theft. Burglary is the unlawful entry into a building with the intent to commit a crime, typically theft, but it does not specifically pertain to employees misusing their access or position. Theft, while a broad term for stealing, does not capture the specific elements of trust and misuse of position that define embezzlement. Therefore, embezzlement is the precise term to describe employees stealing funds that they have been entrusted to manage.