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more about defalcation
defalcation |
2 definitions found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Defalcation \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. From WordNet r 1.6 [wn]: defalcation n : the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else [syn: {embezzlement}, {peculation}, {misapplication}, {misappropriation}]
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