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Today's word is abscond, spelled A-B-S-C-O-N-D.
Abscond is a verb.
To abscond is to leave, flee, or escape a place in secret and go into hiding.
Often someone is said to have absconded with something.
Here's the word used in a sentence from the St. Paul, Minnesota, Pioneer Press.
So having a variety of financial intermediaries is good,
but they need to be regulated and supervised by objective parties using objective standards.
If not, someone could open a bank, take deposits, and abscond to a tropical isle.
In Take the Money and Run, a 1976 song by the Steve Miller Band,
the singer punctuates a song about teenage bandits with the catchy refrain, go on, take the money and run.
Granted, the song probably wouldn't have charted had it been titled Abscond, but the meaning would have been the same.
Abscond is a word most often used in formal contexts for when someone is running