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1. (n.) defalcation
misappropriation of funds held by a trustee or other fiduciary.
2. defalcation
the sum misappropriated.
Etymology: (1425–75; deduction from wages < ML dēfalcātiō=dēfalcā(re) to mow, cut down, diminish (L dē- de - + -falcāre, der. of falx sickle))
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| Definition of 'defalcation' |
Princeton's WordNet |
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1. (noun) defalcation
the sum of money that is misappropriated
2. (noun) embezzlement, peculation, defalcation, misapplication, misappropriation
the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else
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| Definition of 'defalcation' |
Webster Dictionary |
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1. (noun) defalcation
a lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off
2. (noun) defalcation
that which is lopped off, diminished, or abated
3. (noun) defalcation
an abstraction of money, etc., by an officer or agent having it in trust; an embezzlement
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