Definitions for: Defalcation


[n] the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else
[n] the sum of money that is misappropriated



Webster (1913) Definition: De`fal*ca"tion, n. [LL. defalcatio: cf. F.
d['e]falcation.]
1. A lopping off; a diminution; abatement; deficit.
Specifically: Reduction of a claim by deducting a
counterclaim; set- off. --Abbott.

2. That which is lopped off, diminished, or abated.

3. An abstraction of money, etc., by an officer or agent
having it in trust; an embezzlement.

Synonyms: embezzlement, misapplication, misappropriation, peculation

See Also: amount, amount of money, larceny, plunderage, raid, stealing, sum, sum of money, theft, thievery, thieving

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